Goldman Sachs Group Inc. First Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Goldman Sachs Group, Inc. (NYSE:GS) will unveil its latest earnings on Tuesday, April 17, 2012. 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, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $3.38 per share, a rise of more than twofold from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $2.97. Between one and three months ago, the average estimate moved up. It has risen from $2.98 during the last month. Analysts are projecting profit to rise by 161.2% compared to last year’s $11.78.

Past Earnings Performance: Last quarter, the company topped expectations by 38 cents, coming in at profit of $1.84 per share versus a mean estimate of net income of $1.46 per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: On average, analysts predict $9.27 billion in revenue this quarter, a decline of 22% from the year-ago quarter. Analysts are forecasting total revenue of $33.12 billion for the year, a rise of 15% from last year’s revenue of $28.81 billion.

Analyst Ratings: Analysts seem relatively indifferent about Goldman Sachs Group with 12 of 20 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 57.6% to $1.01 billion ($2.01 a share) from $2.39 billion ($3.79 a share) the year earlier, but exceeded analyst expectations. Revenue fell 22.7% to $8.02 billion from $10.37 billion.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 5% in the first quarter of the last fiscal year, 9.3% in second quarter of the last fiscal year and 47.9% in the third quarter of the last fiscal year and then fell again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 13, 2012 and April 11, 2012, the stock price rose $17.27 (17.5%), from $98.66 to $115.93. The stock price saw one of its best stretches over the last year between February 22, 2012 and February 28, 2012, when shares rose for five straight days, increasing 2.7% (+$3.09) over that span. It saw one of its worst periods between December 9, 2011 and December 19, 2011 when shares fell for seven straight days, dropping 13.5% (-$13.70) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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