Goldman Sachs Group Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Goldman Sachs Group (NYSE:GS) will unveil its latest earnings tomorrow, Wednesday, January 16, 2013. Goldman Sachs is a global investment banking and securities firm that specializes in investment banking, trading and principal investments, asset management and securities services.

Goldman Sachs Group Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $3.29 per share, a rise of 78.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $3.18. Between one and three months ago, the average estimate moved up. It has risen from $3.23 during the last month. For the year, analysts are projecting profit of $11.89 per share, a rise of more than twofold from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 67 cents, coming in at net income of $2.85 a share versus the estimate of profit of $2.18 a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the third quarter, the company swung to a profit of $1.51 billion ($2.85 a share) from a loss of $393 million (84 cents) a year earlier, beating analyst estimates. Revenue rose 81.6% to $10.14 billion from $5.58 billion.

Here’s how Goldman Sachs Group traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

GS