Goldman Sachs Earnings Imminent as Analysts Revise Forecasts
The Goldman Sachs Group, Inc. (NYSE:GS) is set to release its third-quarter earnings report on October 13.
Analysts expect the company to report quarterly earnings of $15.39 per share, up from $12.25 per share in the year-ago period, with a consensus estimate for quarterly revenue at $17.42 billion, higher than last year's $15.18 billion.
The stock has been under discussion regarding CEO David Solomon's potential succession plan, which could see President and Chief Operating Officer John Waldron take over as CEO.
Benzinga's most accurate analysts have revised their forecasts ahead of the earnings call, with some maintaining a positive view on the company. Wells Fargo analyst Mike Mayo has an accuracy rate of 74% and maintained an Overweight rating while cutting his price target from $1,325 to $1,175.