Goldman Sachs Stock To Surpass Expectations In Q1?

SourceForbes
SectorFinancial Markets
CountryMiddle east

Share to Linkedin Goldman Sachs (NYSE: GS) is scheduled to report its fiscal Q1 2021 results on Wednesday, April 14. We expect Goldman Sachs to outperform the consensus estimates for revenues and earnings. The bank has reported better than expected results in each of the last three quarters, mainly due to its strength in sales & trading and the investment banking space. Despite the economic slowdown and the Covid-19 crisis, the company reported strong revenue growth in 2020, driven by a 43% y-o-y jump in global markets division (sales & trading) and a 24% rise in the investment banking unit.

We expect the same trend to drive the first-quarter FY2021 results as well. Our forecast indicates that Goldman Sachs' valuation is around $366 per share, which is 12% more than the current market price of around $327. Look at our interactive dashboard analysis on Goldman Sachs' pre-earnings: What To Expect in Q1? for more details. (1) Revenues expected to be...read more...