GS Earnings Prediction
The chart below shows how GS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GS sees a -2.23% change in stock price 10 days leading up to the earnings, and a +3.08% change 10 days following the report. On the earnings day itself, the stock moves by +0.57%. This data can give you a slight idea of what to expect for the next quarter's release.
GS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
29.61B
9.62%
-0.73%
Gross Margin
--
--
--
Operating Margin
17.72%
56.54%
31.75%
Net Margin
13.89%
86.69%
38.48%
EPS
11.95
118.07%
42.26%
No Data Available
GS Earnings Analysis
Goldman Sachs Group Inc Corporation (GS.N) Earnings Conference Call
Positive
Q4 Financial Performance: In the fourth quarter, we generated revenues of $13.9 billion, earnings per share of $11.95, and ROE of 14.6% and an ROTCE of 15.5%.
Revenue Increase of 16%: For the fully year, we increased our revenues by 16% to $53.5 billion.
EPS and ROE Growth: We grew our EPS by 77% to $40.54 and improved our ROE by over 500 basis points to 12.7% demonstrating strong operating leverage.
Global Banking Revenue Increase: Global Banking and Markets produced revenues of $35 billion for the year, up 16% amid broad based strength versus last year.
Investment Banking Fee Increase: Investment banking fees of $2.1 billion rose 24% year-over-year.
Negative
Revenue Decline and EPS Drop: In the fourth quarter, we generated revenues of $13.9 billion, which was lower than expected, leading to an EPS of $11.95, indicating a decline in profitability.
Decline in ROE: Our ROE decreased to 12.7%, down from previous highs, reflecting weaker performance in our investment banking segment.
Investment Banking Fee Slowdown: Investment banking fees rose by only 24% year-over-year, which is significantly lower than the growth rates seen in previous quarters, indicating a slowdown in deal-making activity.
Rising Operating Expenses: Operating expenses for the year were $33.8 billion, which is a substantial increase, putting pressure on our margins and overall profitability.
Credit Loss Provision Increase: Our provision for credit losses was $351 million in the quarter, primarily driven by net charge-offs in our credit card portfolio, indicating rising credit risk.
