Yahoo Finance Earnings Growth & Price Strength Make Goldman Sachs (GS) a Stock to Watch
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to Goldman Sachs (GS)
Founded in 1869, The Goldman Sachs Group, Inc. is a leading global financial holding company providing IB, securities, investment management and consumer banking services to a diversified client base. The company is headquartered in New York, with offices in major financial centers globally.
GS was added to the Zacks Focus List on July 11, 2018 at $226.85 per share. Since then, shares have increased 106.18% to $467.72.
For fiscal 2024, nine analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $3.92 to $36.71. GS boasts an average earnings surprise of 22.8%.
Moreover, analysts are expecting Goldman Sachs' earnings to grow 60.5% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like GS, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
