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Breakdown of the latest developments on the global exchanges
Apr 15, 2019, 12:00 PM GMT
#EarningsSeason

Goldman Sachs Group Earnings Report Provides a Less Clear-Cut Picture

The company is scheduled to report on Monday before the market open as well, however, the prevalent consensus EPS forecast is sitting at 5.05$. In comparison, for the same period last year, Goldman reported a 6.95$ EPS.

On the one hand, the last four earnings reports have all managed to deliver on a much better than expected data with an average market surprise (represented in percentages) measuring 22.56%.

On the other hand, the expected EPS for Q1 of this year (5.05$) is almost 1 dollar lower than the actual EPS for Q4 of 2018 (6.04$), which could spell a drastic collapse for the company if confirmed on Monday. Moreover, a careful examination of the company's price action highlights the apparent range that has been the predominant market condition since mid- January of this year. For that reason, the upper boundary of that range is going to oppose a potential bullish spike for the company's stock, even if the report turns out positive.