The Goldman Sachs Group (NYSE:GS) is set to announce second quarter earning results on Wednesday 15th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GS to report 2Q20 income of $ 3.78 per share.
For the full year, analysts anticipate top line of $ 35125.10 million, while looking forward to income of $ 14.41 per share bottom line.
Previous Quarter Performance
The Goldman Sachs Group recorded income for the first quarter of $ 3.11 per share, from the revenue of $ 8.74 million. The quarterly earnings dropped 45.53 percent while revenues reduced 99.90 percent compared with the same quarter last year.
The consensus estimates are income of $ 3.35 per share from $ 7921.99 million in revenue. The bottom line results missed street analysts by $ 0.24 or 7.16 percent, at the same time, top line results fell short of analysts by $ 7 million or 99.89 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GS was $ 214.01, representing a 63.55 % increase from the 52 week low of $ 130.85 and a 14.55 % decrease over the 52 week high of $ 250.46.
The company has a market capital of $ 73.60 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
On 4th June 2020, downgraded by Deutsche Bank to Hold from Buy rating
Recent Stock Dividend Announcement
On April 14, 2020, the board of directors authorized quarterly dividend of $ 1.25 per share to holders of record as of the close of business on June 1, 2020, with payment date of June 29, 2020 and ex-dividend date on May 29, 2020.
Conference Call
The Goldman Sachs Group will be hosting a conference call at 9:30 AM eastern time on 15th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.investornetwork.com/event/presentation/60955
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.
