In the latest trading session, Goldman Sachs (GS) closed at $546.29, marking a +0.58% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.55%. Elsewhere, the Dow gained 1.01%, while the tech-heavy Nasdaq lost 0.14%.

Coming into today, shares of the investment bank had lost 12.72% in the past month. In that same time, the Finance sector lost 3.92%, while the S&P 500 lost 6.22%.

Analysts and investors alike will be keeping a close eye on the performance of Goldman Sachs in its upcoming earnings disclosure. The company's upcoming EPS is projected at $12.74, signifying a 10.02% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $15.22 billion, up 7.07% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $46.45 per share and a revenue of $57.21 billion, indicating changes of +14.58% and +6.9%, respectively, from the former year.

Investors should also pay attention to any latest changes in analyst estimates for Goldman Sachs. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.41% lower. Right now, Goldman Sachs possesses a Zacks Rank of #3 (Hold).

With respect to valuation, Goldman Sachs is currently being traded at a Forward P/E ratio of 11.69. This expresses a discount compared to the average Forward P/E of 14.15 of its industry.

One should further note that GS currently holds a PEG ratio of 0.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Investment Bank was holding an average PEG ratio of 1.01 at yesterday's closing price.

The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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