Goldman Sachs Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Goldman Sachs Group Inc GS reported quarterly adjusted earnings of $10.91​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $8.62. The mean expectation of seventeen analysts for the quarter was for earnings of $9.53 per share. Wall Street expected results to range from $8.44 to $10.58 per share.

• Revenue rose 14.5% to $14.58 billion from a year ago; analysts expected $13.46 billion.

• Goldman Sachs Group Inc's reported EPS for the quarter was $10.91​.

• The company reported quarterly net income of $3.47 billion.

• Goldman Sachs Group Inc shares had fallen by 0.7% this quarter and gained 22.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is also "buy"

• Wall Street's median 12-month price target for Goldman Sachs Group Inc is $708.00, about 0.8% above its last closing price of $702.51

This summary was machine generated from LSEG data July 16 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)