Goldman Sachs is expected to earn $ 9.78 / share on $ 11.52 billion in revenue. Meanwhile, the so-called Whisper Number is $ 12.34 / share. The Whisper Number is the unofficial street take on earnings.
A closer look at the fundamentals:
Basically the company is doing very well and profits are expected to increase by over 60% in 2021 compared to 2020. This is very impressive considering the size of Goldman Sachs. It’s one thing for a small or mid-cap stock to grow over 60% in a year, but when a large-cap company manages to increase their profits by over 60%, that’s very impressive.
A closer look at the graph:
Technically, the stock is behaving very well and trading just below its all-time high. The action has had a huge run since the low in March 2020 and is building a new base right now as it pauses to digest its final run. It is very healthy to see a stock take a break and digest a big move and so far the stock remains healthy.
Pay attention to how the stock reacts to the news:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company react to the news.