Goldman Sachs Gr Q4 2023 GAAP EPS $5.48 Beats $3.43 Estimate, Sales $11.32B Beat $9.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs Gr (NYSE:GS) reported Q4 GAAP earnings per share (EPS) of $5.48, surpassing the analyst consensus estimate of $3.20 by 71.25%. The earnings represent a 65.06% increase from the $3.32 EPS reported in the same quarter last year. Quarterly sales reached $11.32 billion, exceeding expectations by 14.90% and marking a 6.84% increase from the previous year's $10.59 billion.
January 16, 2024 | 12:28 pm
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Goldman Sachs reported strong Q4 earnings, with EPS and sales figures significantly beating analyst estimates and showing substantial year-over-year growth.
Goldman Sachs' significant earnings and sales beat is likely to instill confidence in investors and could lead to a positive short-term reaction in the stock price. The substantial beat on both the top and bottom lines, coupled with year-over-year growth, suggests strong financial performance and may result in upward price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100