For its third fiscal quarter (ending September 30), The Goldman Sachs Group Inc (NYSE: GS) has reported a 54% increase in E.P.S. from $5.52 a year ago to $8.52 in the current quarter. This performance was $1.21 better than the consensus estimate of $7.31. For the latest four quarters through September 30, E.P.S. were $34.50 compared to $20.87 a year ago — an increase of 65%.
Recent Price Action
On 10/15/24, The Goldman Sachs Group Inc (NYSE: GS) stock declined slightly by -0.07%, closing at $522.38. Moreover, trading volume in this decline was exceptionally high at 255% of normal. The stock has risen 5.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 88 and a very high Appreciation Score of 95, resulting in the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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