What You Need to Know Ahead of Goldman Sachs’ Earnings Release

The Goldman Sachs Group, Inc. (GS), with a market cap of $146.9 billion, is a leading global financial holding company based in New York. Serving corporations, institutions, governments, and individuals, the firm operates through its Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. 

The wealth management giant is slated to report its Q1 earnings before the market opens on Monday, Apr. 14. Ahead of the event, analysts expect Goldman to report an adjusted profit of $12.87 per share, up 11.1% from $11.58 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in each of the past four quarters. 

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Its adjusted EPS of $11.95 in the recent quarter surpassed analysts’ expectations by a substantial 48.1%, driven by robust trading activity, improved investment banking revenues, and disciplined cost management. 

For fiscal 2025, analysts expect Goldman to report an adjusted EPS of $45.78, up 12.9% from $40.54 in fiscal 2024. In fiscal 2026, its adjusted EPS is expected to grow 12.2% year-over-year to $51.34.

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GS stock has soared over 15.9% in the past 52 weeks, significantly outperforming the S&P 500 Index’s ($SPX) 1.4% decline and the Financial Select Sector SPDR Fund’s (XLF) 7.3% surge during the same time frame.

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Despite its solid price momentum over the past year, JPMorgan Chase shares dropped over 7% on Apr. 4 after Truist Securities lowered its price target from $268 to $264, citing heightened recession risks and a greater-than-expected earnings impact from newly announced tariffs. 

While maintaining a 'Hold' rating, Truist warned of deeper earnings estimate cuts, driven by expectations of lower interest rates, weaker economic growth, and rising loan-loss provisions across the banking sector.

Nevertheless, the consensus opinion on GS stock is fairly optimistic, with an overall “Moderate Buy” rating. Out of the 23 analysts covering the stock, 12 recommend a “Strong Buy,” and 11 suggest a “Hold” rating. Its mean price target of $644.70 indicates a 27% upside potential from current price levels.