Profit snapshot: What to expect from Goldman Sachs on Friday

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Goldman Sachs

SG
is expected to report its results before Friday’s opening. The stock hit an all-time high of $ 420.76 / share in 2021 and is trading at nearly $ 386 / share. The stock is prone to big moves after its earnings release and can easily rise if the numbers are strong. Conversely, if the numbers are disappointing, the stock can easily collapse. To help you get ready, here’s what the Rue expects:

Gallery: The biggest American banks

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Income overview:

Goldman Sachs is expected to earn $ 9.78 / share on $ 11.52 billion in revenue. Meanwhile, the so-called Whisper Number is $ 12.34 / share. The Whisper Number is the unofficial street take on earnings.

A closer look at the fundamentals:

Basically the company is doing very well and profits are expected to increase by over 60% in 2021 compared to 2020. This is very impressive considering the size of Goldman Sachs. It’s one thing for a small or mid-cap stock to grow over 60% in a year, but when a large-cap company manages to increase their profits by over 60%, that’s very impressive.

A closer look at the graph:

Technically, the stock is behaving very well and trading just below its all-time high. The action has had a huge run since the low in March 2020 and is building a new base right now as it pauses to digest its final run. It is very healthy to see a stock take a break and digest a big move and so far the stock remains healthy.

Pay attention to how the stock reacts to the news:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company react to the news.

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