Goldman Sachs Earnings Report Before the Bell on Tuesday, July 20th – Estimates of $2.04 Per Share
Posted on | July 19, 2010 | No Comments
Earlier today I wrote on the possibility of Goldman Sachs CEO Lloyd Blankfein skating on thin ice when it comes to the future of his job. Charlie Gasparino feels that the CEO could see his days numbered as the SEC settlement has caused a bad overall image of the financial firm.
Tomorrow, Tuesday, July 20th, 2010, Goldman Sachs will report eachings before the bell with an estimate of $2.04 per share. The estimate range is quite wide with a high of $2.90 and a low of $1.60. Prior to financial reform on Wall Street it was almost a given that Goldman would blow out numbers. The better question to ask was “by how much?”
Now that the investment banking industry is much different it will be interesting to see if Goldman can continue to produce amazing numbers. Year to date Goldman’s stock performance is subpar as the investment bank has seen its stock price dip over 13%. Goldman is around 38% lower from its all time high set in October of 2007.
While Goldman has not seen the step losses of other financial firms such as Citi and Bank of America it is still frustrating for many investors to see an investment move sideways to down for so long while other investments have move higher (AAPL and AMZN). The image of Goldman Sachs is definitely not what it once was but a great earnings report could go a long way towards building investor confidence in the investment banking firm.
Author: Jesse Wojdylo
Ask Wojdylo Column – Financial, Entertainment and Sports news with a money spin.
Tags: goldman before the bell > goldman earnings > goldman earnings estimates > goldman earnings report > goldman sachs earnings report
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