Wednesday, January 11, 2012

Goldman Sachs to Announce Quarterly Earnings on Wednesday, January 18: Improved Quarter Expected

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Goldman Sachs (GS) to Announce Quarterly Earnings

Goldman Sachs will report Q4 2011 financial results on Wednesday, January 18, before market open. The conference call will be at 9:30 a.m. ET.

Goldman Sachs Future and Past Financial Performance

Estimated Q4 2011 Earnings per Share (GAAP)
Yahoo Finance Analysts Estimates: $1.69 avg, $0.70 low, $3.52 high, 24 analysts
Prior Quarter: $-0.84
Prior Year: $3.79
Goldman Sachs Outlook: not provided

Prior Q3 2011 Financial Results (GAAP) When Goldman Sachs reports Q4 2011, the 3 months ended December, financial results on January 18, Goldman Sachs is expected to meet, beat, or miss various prior quarterly results. These prior quarterly GAAP financial results were:
Net Revenues $3.59B (net of interest expense)
Operating Income $-730M (before income taxes)
Net Income $-393M
Earnings per Share $-0.84
Operating Income Margin -20.35%
Net Income Margin -10.96%

Summary (GAAP) Overall, Goldman Sachs is expected to beat QoQ but miss YoY for Earnings per Share. Q4 EPS is expected to be positive, after the prior Q3 loss. Accordingly, other metrics should also improve QoQ and miss YoY: Net Revenues, Operating Income, Net Income, Operating Margin, and Net Margin. The operations of the world's most hated bankers can be described as a casino with volatile quarterly financial results. As of September 30, 2011, we have rated Goldman Sachs an "F-" here: "Largest 7 USA Banks: Ratings and Rankings".

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