PREVIEW: Goldman Sachs expected to post Q1 rise in EPS, revenue
Goldman Sachs GS.N shares up 0.7% at $493.40 ahead of Q1 results due before the opening bell on Monday
The global financial institution is expected to post adj EPS of $12.35 on revenue of $14.81 bln, per LSEG data, vs yr-ago results of $11.58 in EPS and $14.21 bln in revenue
GS has topped EPS estimates in six straight qtrs, with most recent miss in Q2 2023; on revenue side, GS most recently fell short of estimates in Q1 2023
Shares of fellow financial companies Morgan Stanley MS.N, JP Morgan Chase JPM.N and Wells Fargo WFC.N were all higher on Friday after they reported quarterly earnings, sending the S&P 500 financial index .SPSY up about 1.5% in mid-afternoon trading
Of the 22 analysts that cover Goldman Sachs, the breakdown of recommendations is 10 "strong buy" or "buy" and 12 "hold" ratings
Median price target of $600 is down from $660 a month ago and $616.50 on Jan 11
With move on the session, GS shares down roughly 14% YTD vs nearly 6% decline in Dow Industrials .DJI
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