The Goldman Sachs Group (NYSE:GS) is set to announce third quarter earning results on Wednesday 14th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GS to report 3Q20 income of $ 5.57 per share.
For the full year, analysts anticipate top line of $ 40209.80 million, while looking forward to income of $ 14.15 per share bottom line.
Previous Quarter Performance
The Goldman Sachs Group communicated income for the second quarter of $ 6.26 per share, from the revenue of $ 13,295.00 million. The quarterly earnings gained 7.75 percent while revenues swell 40.52 percent compared with the same quarter last year.
Street analysts expected The Goldman Sachs Group to report income of $ 3.78 per share on revenue of $ 9733.35 million for the second quarter. The bottom line results beat street analysts by $ 2.48 or 65.61 percent, at the same time, top line results outshined analysts by $ 3,561.65 million or 36.59 percent.
Stock Performance
Shares of The Goldman Sachs Group traded low $ -3.31 or -1.55 percent on Tuesday, reaching $ 210.81 with volume of 3.21 million shares. The Goldman Sachs Group has traded high as $ 214.11 and has cracked $ 209.18 on the downward trend
According to the previous trading day, closing price of $ 210.81, representing a 63.64 % increase from the 52 week low of $ 130.85 and a 14.51 % decrease over the 52 week high of $ 250.46.
The company has a market capital of $ 72.53 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 24th September 2020, upgraded by UBS Group to Buy from Neutral rating, with $ 245.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.25 per share on July 14, 2020. The dividend were payable on September 29, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
