Earnings Preview: Goldman Sachs Group

Goldman Sachs Group (GS) is scheduled to report Q2 earnings before the market opens on Tuesday, July 14, with a conference call scheduled for 11:00 am EST.

Guidance

Analysts are looking for a profit of $3.48 per share on revenue of $10.66B. The consensus range is $2.82-$4.27 for EPS and $5.96B-$12.14B for revenue.

Analyst Views

Goldman Sach's stock is up over 5% ahead of the report, after an upgrade to Buy from Hold at Meredith Whitney Advisory, which believes Goldman will benefit from less competition in the sector. Goldman Sachs was also upgraded last week to Buy from Neutral at Bank of America/Merrill Lynch, which expects Goldman to beat Q2 estimates due favorable trading and underwriting conditions.

Note that Goldman repaid its TARP preferred stock on June 17, which will be reflected in its Q2 results.

Comments

[jstratt:]

I wonder how their earnings would be if they didnt have unlimited access to the US Treasury.

Jul 13 08:05 PM