For its second fiscal quarter (ending June 30), The Goldman Sachs Group Inc (NYSE: GS) has reported a 183% increase in E.P.S. from $3.09 a year ago to $8.73 in the current quarter. This result exceeded the consensus estimate of $8.70 by $0.03. For the latest four quarters through June 30, E.P.S. were $31.48 versus $23.70 for the same period a year ago — an increase of 33%.
Recent Price Action
The Goldman Sachs Group Inc (NYSE: GS) stock enjoyed a large increase of 2.6% on 7/15/24. The stock closed at $492.23. Moreover, this advance was accompanied by unusually high trading volume at 164% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GS is expected to continue to be an important Value Builder.
Goldman Sachs Group has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Goldman Sachs Group has a very high Power Rating of 93 and a very high Appreciation Score of 97, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Be the first to comment