BUZZ-PREVIEW: Goldman earnings seen climbing in Q1 report early Monday
Goldman Sachs Group, Inc. GS | 887.85 | -2.20% |
Dow Jones Industrial Average DJI | 47945.43 | +0.06% |
** Goldman Sachs GS.N shares edge up to $906.48 ahead of Q1 results due before the opening bell on Monday, with investors focused on investment banking and trading for signs of continued strength
** The investment bank is expected to post a 13% y/y rise in qtrly rev to $16.97 bln and adjusted EPS of $16.49, up from $14.12 a year ago, per LSEG
** In the prior qtr, the co's profit beat estimates on record equity trading and a surge in M&A, with the CEO seeing a "constructive" environment for deals in 2026
** GS has met or beaten EPS estimates for at least eight straight qtrs and revenue in seven of past eight, with most recent miss in Q4 2025
** Of the 24 analysts that cover GS, the breakdown of recommendations is 8 "strong buy" or "buy," 15 "hold" and 1 "sell"
** Median price target of $950 is down from $985 a month ago
** GS shares up ~3% YTD vs 0.3% decline in Dow Industrials .DJI
** Stock recently traded at 15.1 times expected earnings, above its five-year avg forward PE of 11.1, suggesting it may be overvalued relative to its history
