Financial Controls: Goldman Sachs Reports Quarterly Earnings on Tuesday, July 19 (Financial Charts) *Financial Performance Review* GS

Monday, July 18, 2011

Goldman Sachs Reports Quarterly Earnings on Tuesday, July 19 (Financial Charts) Financial Performance Review GS

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Goldman Sachs (GS) will report Q2 2011 financial results on Tuesday, July 19

Goldman Sachs Financial Performance Review

Goldman Sachs will be reporting Q2 2011 financial results on Tuesday, July 19, before market open, at approximately 8:00 a.m. ET. The conference call will be at 10:30 a.m. ET.

Goldman Sachs financial performance charts for prior quarters have been posted on the Goldman Sachs Financial Performance page and will be updated for this next quarterly report.

The Goldman Sachs financial performance charts are:

Goldman Sachs Performance by the Quarters

Earnings per Share

Net Revenues, Operating Income, Net Income

Operating Margin and Net Margin

Return on Assets

Income Statement Components

Net Revenues and Earnings per Share Growth Rates

Operating Expense Ratio

Goldman Sachs Future and Past Financial Performance

Earnings per Share

Yahoo Finance Analysts Q2 2011: $2.27 average, low estimate $1.80, high estimate $3.36, 23 analysts

Prior quarter Q1 2011: +$1.56

Prior year Q2 2010: +0.82

Prior Q1 2011 Financial Results

Goldman Sachs should meet or beat various Q1 2011 financial results. These financial results are charted on the Goldman Sachs Financial Performance page. Goldman Sachs for Q1 2011, the 3 months ended March, financial results were:

Net Revenues $11.89 billion

Operating Income $4.04 billion

Net Income $2.74 billion

Earnings per Share $1.56

Operating Income Margin 33.97%

Net Income Margin 22.99%

Summary

Goldman Sachs Q2 2011 financial results should meet and exceed Q1 2011 in some areas. The analysts' average earnings per share of $2.27 appears conservative. In Q1 2011, the Goldman Sachs earnings per share was reduced by a $1.64 billion preferred dividend related to the redemption of same that is no longer applicable. Earning per share for Q1 2011, without the preferred dividend, would have been $4.38. Accordingly, an EPS beat QoQ for Q2 2011 is $4.38, as this was the EPS Goldman Sachs was touting in the prior Q1 2011 earnings press release. For Q2 2011 Goldman Sachs should beat Q1 2011 on Net Revenues, Operating Income, and Net Income. Any misses will be a disappointment. Goldman Sachs should be close to, and perhaps beat, on Operating Margin and Net Margin. Any significant beat on margins would result in greater performance. The detailed quarter by quarter charts are on the Goldman Sachs Financial Performance page.