In the latest market close, Goldman Sachs (GS) reached $486.10, with a -1.2% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%.

Prior to today's trading, shares of the investment bank had gained 0.28% over the past month. This has outpaced the Finance sector's loss of 0.26% and lagged the S&P 500's gain of 1.25% in that time.

Investors will be eagerly watching for the performance of Goldman Sachs in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 15, 2024. It is anticipated that the company will report an EPS of $7.87, marking a 43.88% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $12.34 billion, up 4.44% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $34.85 per share and a revenue of $50.79 billion, indicating changes of +52.38% and +9.8%, respectively, from the former year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Goldman Sachs. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.82% lower. Goldman Sachs presently features a Zacks Rank of #3 (Hold).

With respect to valuation, Goldman Sachs is currently being traded at a Forward P/E ratio of 14.12. This signifies a discount in comparison to the average Forward P/E of 17.8 for its industry.

Also, we should mention that GS has a PEG ratio of 0.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.27.

The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 69, placing it within the top 28% of over 250 industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

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