Goldman Sachs Predicted to Report Strong Q1 Earnings on April 14

The Goldman Sachs Group, Inc. (GS), valued at $146.9 billion, stands as a leading global financial services provider headquartered in New York. The firm serves a diverse clientele, including corporations, institutions, governments, and individuals, and operates through its Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments.

Goldman Sachs is scheduled to report its Q1 earnings on Monday, April 14, before market opening. Analysts anticipate an adjusted profit of $12.87 per share, marking an 11.1% increase from the $11.58 reported during the same quarter last year. Goldman has consistently surpassed earnings expectations for the past four quarters.

In the most recent quarter, Goldman Sachs’ adjusted EPS reached $11.95, exceeding analysts’ forecasts by an impressive 48.1%. This performance was significantly supported by strong trading activity, enhanced investment banking revenues, and strict cost management.

Future Earnings Projections

Analysts project an adjusted EPS of $45.78 for fiscal 2025, reflecting a 12.9% growth from the $40.54 recorded in fiscal 2024. In the following fiscal year, 2026, the expected adjusted EPS is $51.34, indicating a year-over-year growth rate of 12.2%.

Goldman Sachs’ Stock Performance

Over the past year, GS stock has increased by 15.9%, markedly outperforming the S&P 500 Index, which declined by 1.4%, and the Financial Select Sector SPDR Fund (XLF), which saw a 7.3% increase during the same period.

Market Challenges and Analyst Ratings

Despite the strong price performance over the last year, shares of JPMorgan Chase fell over 7% on April 4. This decline followed Truist Securities adjusting its price target from $268 to $264, amid rising recession risks and a greater-than-expected impact from new tariffs on earnings.

Truist maintained a ‘Hold’ rating but cautioned that further earnings cuts may be necessary, driven by predictions of lower interest rates, subdued economic growth, and increasing loan-loss provisions within the banking sector.

Nevertheless, analysts remain generally positive about GS stock, with a consensus rating of “Moderate Buy.” Among the 23 analysts covering the stock, 12 recommend a “Strong Buy,” while 11 advise a “Hold.” The mean price target stands at $644.70, suggesting a potential upside of 27% from current price levels.

On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

More news from Barchart

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.