Goldman Sachs Stock To Top The Consensus in Q2?

Goldman Sachs Stock To Top The Consensus in Q2?

Goldman Sachs (NYSE: GS) is scheduled to report its fiscal Q2 2021 results on Tuesday, July 13. We expect Goldman Sachs to edge past the consensus estimates for revenues and earnings. The bank outperformed the consensus estimates in the first quarter of 2021 by a huge margin. This was mainly driven by a significant jump in investment banking and sales & trading revenues on a year-on-year basis, followed by positive growth in the asset management business. We expect the same trend to continue in the second quarter of FY2021 as well. Our forecast indicates that Goldman Sachs' valuation is around $385 per share, which is 5% more than the current market price of $368. Look at our interactive dashboard analysis on Goldman Sachs' pre-earnings: What To Expect in Q2? for more details. (1) Revenues expected to be slightly ahead of the consensus estimates in Q2 Trefis estimates Goldman Sachs' fiscal Q2 2021 revenues to be around $11. 98 billion, marginally above the $11. 79 billion consensus estimate. GS top-line surged 22% in 2020, touching $44. 6 billion, primarily driven by a jump in sales & trading and investment banking revenues. The growth was further complemented by a rise in wealth