Goldman Sachs Q4 Earnings Preview: Financial Strengths And Analyst Predictions
Portfolio Pulse from Surbhi Jain
Goldman Sachs (GS) is set to report Q4 earnings on Jan. 16 with expected EPS of $3.11 and revenue of $9.84 billion. GS stock gained 11.5% in 2023, trailing Interactive Brokers Group (IBKR) but outperforming Morgan Stanley (MS), Charles Schwab (SCHW), and Raymond James Financial (RJF). Analysts focus on GS's financial strength, trading revenue, and 2024 outlook amid potential for increased M&A activities. The consensus rating is a Buy with a target of $362.29, while UBS, JPMorgan, and Barclays have higher targets. GS shares closed slightly lower at $377.75.
January 15, 2024 | 1:32 pm
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POSITIVE IMPACT
Goldman Sachs is expected to report strong Q4 earnings with a positive outlook for 2024, which could lead to a short-term increase in stock price.
The expected strong earnings report and positive analyst ratings, along with the higher price targets from UBS, JPMorgan, and Barclays, suggest a bullish sentiment that could positively impact GS's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Interactive Brokers outperformed GS in 2023, but the upcoming GS earnings report may not significantly impact IBKR's stock in the short term.
Although IBKR outperformed GS, the focus on GS's earnings report is unlikely to have a direct short-term impact on IBKR's stock, as the companies are evaluated on their individual merits.
CONFIDENCE 75
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Morgan Stanley, having underperformed GS in 2023, may see limited short-term impact from GS's earnings, but industry trends could have a broader effect.
MS's stock may not be directly affected by GS's earnings in the short term, but positive industry trends reflected in GS's report could have a positive spillover effect on MS.
CONFIDENCE 75
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Raymond James Financial, which underperformed GS in 2023, may see little short-term impact from GS's earnings, but could be influenced by overall market trends.
RJF's stock is not expected to react significantly to GS's earnings in the short term, but general market trends and sentiment in the financial sector could have an indirect impact.
CONFIDENCE 75
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Charles Schwab, trailing GS in 2023, may not be directly impacted by GS's earnings in the short term, but industry sentiment could influence its stock.
SCHW's stock is not expected to be directly impacted by GS's earnings report in the short term, but positive sentiment in the financial sector from GS's earnings could indirectly benefit SCHW.
CONFIDENCE 75
IMPORTANCE 30
RELEVANCE 20