Earnings Preview: Goldman Sachs (GS) - Are the Q2 Results Already Priced Into the Stock?
Goldman Sachs (NYSE: GS) is expected to report its Q2 earnings results tomorrow (July 14) before the market opens. Analysts are currently expecting quarterly EPS of $3.48 on sales of $10.66 billion. According to our Earnings database, Goldman usually reports right around 8am ET, but no later than 8:30 am. Check out our Full Feed to see the results within seconds of their release.
Shares of Goldman Sachs have moved 5% higher today, most recently trading at $149.10. The stock is thee talk on Wall Street today as famed-bear Meredith Whitney pinned a Buy rating on the stock this morning. Notably, Meredith has an $186 price target on the stock, suggesting upside of about 25% from current levels. The analyst's call is causing other financial traders to get in a cheery-mood today and the sector is leading the broader averages higher.
Most traders are not speculating on whether Goldman will have a solid quarter or not: three of its top competitors have failed over the last year (Lehman, Bear, Merrill), leaving substantial i-banking business to this top firm. What investors are pondering today, however, is whether the quarterly results are already baked into Goldman's stock price which has nearly doubled on a year-to-date basis.
Create E-mail AlertRelated Categories
EarningsInsiders' Blog
Stocks Mentioned
+0.64Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
