Goldman Sachs Shares Fall 2.05% Ahead of October Earnings

Goldman Sachs shares fell 2.05% to $916.28 in the latest session, underperforming the S&P 500, which lost 0.77%. The Dow declined 0.67%, and the Nasdaq fell 0.92%.

The stock has lost 9.53% over the past month. Over the same period, the Finance sector fell 3.48%, while the S&P 500 gained 0.96%.

Goldman Sachs is scheduled to report earnings on October 13. Zacks’ consensus estimate puts quarterly earnings at $15.18 a share, up 23.92% from a year earlier, with revenue forecast at $17.14 billion, a 12.91% increase.

For the full year, analysts’ consensus calls for earnings of $69.64 per share and revenue of $71.62 billion, increases of 35.7% and 22.88%, respectively, from last year. The consensus EPS estimate has risen 1.08% over the past month, according to Zacks.

Goldman Sachs’ forward P/E ratio was 13.43, compared with an industry average of 13.26, Zacks said. Its PEG ratio was 0.94, matching the industry average.