‘Goldie’ Reports Wednesday, What to Watch For…

‘Goldie’ Reports Wednesday, What to Watch For…


Goldman Sachs Grou (NYSE:GS) is scheduled to report its Q-4 financial results before the US market open Wednesday.

The consensus estimates from Thomson Reuters are EPS/5.61 and $7.78-B in revenue. In the same frame last year, the Wall Street giant posted EPS/5.68 on $7.83-B in revenue.

In Q-3, book value per common share has increased by 9% for the YTD to $197.33 and annualized return on equity was 13.7%, the highest 9-month level in almost 10 years.

After a small gainer of 6.4% in Y 2017, Goldman Sachs lost about 34% of its value in Y 2018. GS is a Top investment bank for the wealthy and institutions, but the firm wants its Marcus online bank and finance enterprise to move to the masses and younger clients.

Currently, Goldman Sachs has a consensus analyst price target of 231.35, implying upside of roughly 29% for the Y 2019 full year.

Goldman Sachs is a great Wall Street institution, but expecting a gainer of 29% in just 1 year implies that everything will run super-smooth.

A few analysts weighed in on Goldman Sachs ahead of the report:

  • Morgan Stanley has an Equal Weight rating and a 207 price target.
  • Barclays has an Equal Weight rating with a 247 price target.
  • Credit Suisse rates it as Outperform with a 250 price target.
  • Wells Fargo has an Outperform rating and a 235 price target.
  • Atlantic Securities has a Neutral rating.

Shares of Goldman Sachs were last seen trading at 179.91, in a 52-wk range of 151.70 – 275.31.

Currently, HeffX-LTN’s overall technical outlook for Goldie is Bearish to Neutral

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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