Goldman Sachs Group Future Growth

Future criteria checks 1/6

Goldman Sachs Group is forecast to grow earnings and revenue by 9.5% and 4.1% per annum respectively. EPS is expected to grow by 11.9% per annum. Return on equity is forecast to be 12.7% in 3 years.

Key information

9.5%

Earnings growth rate

11.9%

EPS growth rate

Capital Markets earnings growth	14.6%
Revenue growth rate	4.1%
Future return on equity	12.7%
Analyst coverage	Good
Last updated	15 Sep 2024

Recent future growth updates

The Goldman Sachs Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

May 07

Recent updates

The Goldman Sachs Group, Inc. (NYSE:GS) Doing What It Can To Lift Shares

Sep 22

Goldman Sachs Is A Buy Amid Favorable Environment, Attractive Valuation

Sep 21

Goldman Sachs Group's (NYSE:GS) Upcoming Dividend Will Be Larger Than Last Year's

Aug 26

Goldman Sachs: Favorable Fundamentals Are Reflected In Valuation (Downgrade)

Aug 20

Goldman Sachs Group (NYSE:GS) Has Announced That It Will Be Increasing Its Dividend To $3.00

Aug 12

Goldman Sachs Group's (NYSE:GS) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 22

The Goldman Sachs Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

May 07

Goldman Sachs: Continues To Offer Enormous Valuation Opportunity

Apr 20

Earnings and Revenue Growth Forecasts

NYSE:GS - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	55,205	13,956	N/A	N/A	10
12/31/2025	53,666	13,203	N/A	N/A	16
12/31/2024	51,121	12,017	N/A	N/A	16
6/30/2024	48,895	10,521	-77,902	-75,810	N/A
3/31/2024	46,726	8,700	-52,245	-50,029	N/A
12/31/2023	45,226	7,856	-14,903	-12,587	N/A
9/30/2023	44,106	7,173	-19,915	-17,391	N/A
6/30/2023	43,756	8,249	21,146	24,153	N/A
3/31/2023	44,673	9,968	34,254	37,646	N/A
12/31/2022	44,650	10,711	4,960	8,708	N/A
9/30/2022	47,324	13,339	68,031	72,144	N/A
6/30/2022	49,297	15,668	12,868	16,874	N/A
3/31/2022	53,580	18,232	-12,361	-8,053	N/A
12/31/2021	58,982	21,116	1,631	6,298	N/A
9/30/2021	58,135	21,675	-12,913	-7,962	N/A
6/30/2021	55,205	19,631	61,168	66,234	N/A
3/31/2021	51,430	14,478	29,342	34,120	N/A
12/31/2020	41,462	8,890	-24,844	-18,535	N/A
9/30/2020	39,633	6,245	13,137	20,089	N/A
6/30/2020	37,162	4,802	-13,256	-5,073	N/A
3/31/2020	34,704	6,809	6,047	15,205	N/A
12/31/2019	35,481	7,871	15,425	23,868	N/A
9/30/2019	33,720	8,476	-20,151	-11,719	N/A
6/30/2019	34,334	9,139	-35,206	-26,807	N/A
3/31/2019	34,489	9,286	-35,387	-26,840	N/A
12/31/2018	35,942	9,841	8,582	16,564	N/A
9/30/2018	35,918	5,376	-11,445	-4,523	N/A
6/30/2018	35,598	4,954	-1,911	3,504	N/A
3/31/2018	34,083	4,236	N/A	-15,802	N/A
12/31/2017	32,073	3,661	N/A	-20,489	N/A
9/30/2017	32,409	7,953	N/A	-7,449	N/A
6/30/2017	32,251	8,022	N/A	-14,739	N/A
3/31/2017	32,296	8,033	N/A	6,053	N/A
12/31/2016	30,608	7,066	N/A	6,494	N/A
9/30/2016	29,711	5,491	N/A	10,669	N/A
6/30/2016	28,404	4,721	N/A	16,516	N/A
3/31/2016	29,541	3,994	N/A	-1,408	N/A
12/31/2015	33,820	5,546	N/A	9,481	N/A
9/30/2015	34,235	7,003	N/A	5,134	N/A
6/30/2015	35,761	7,816	N/A	-5,035	N/A
3/31/2015	35,817	8,853	N/A	3,334	N/A
12/31/2014	34,528	8,054	N/A	-7,932	N/A
9/30/2014	35,622	8,270	N/A	-10,311	N/A
6/30/2014	33,957	7,555	N/A	-4,783	N/A
3/31/2014	33,444	7,467	N/A	6,020	N/A
12/31/2013	34,206	7,702	N/A	4,543	N/A
9/30/2013	34,660	8,282	N/A	3,113	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GS's forecast earnings growth (9.5% per year) is above the savings rate (2.5%).

Earnings vs Market: GS's earnings (9.5% per year) are forecast to grow slower than the US market (15.2% per year).

High Growth Earnings: GS's earnings are forecast to grow, but not significantly.

Revenue vs Market: GS's revenue (4.1% per year) is forecast to grow slower than the US market (8.7% per year).

High Growth Revenue: GS's revenue (4.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GS's Return on Equity is forecast to be low in 3 years time (12.7%).

Goldman Sachs Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

The Goldman Sachs Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Recent updates

The Goldman Sachs Group, Inc. (NYSE:GS) Doing What It Can To Lift Shares

Goldman Sachs Is A Buy Amid Favorable Environment, Attractive Valuation

Goldman Sachs Announces Executive Changes

Boston Scientific Corporation (NYSE:BSX) completed the acquisition of Silk Road Medical, Inc (NasdaqGS:SILK) from a group of shareholders.

Goldman Sachs Hires Melissa Goldman as Partner and Global Head of Technology Engineering for Its Global Banking and Markets Division

The Goldman Sachs Group, Inc. to Report Q3, 2025 Results on Oct 15, 2025

Goldman Sachs Group's (NYSE:GS) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of US$3.00 per share

Goldman Sachs: Favorable Fundamentals Are Reflected In Valuation (Downgrade)

Chairman & CEO recently sold US$3.0m worth of stock

Bolt Threads Inc. completed the acquisition of Golden Arrow Merger Corp. (NasdaqCM:GAMC) from Golden Arrow Sponsor, LLC, Fir Tree Capital Management LP, Magnetar Financial LLC, The Goldman Sachs Group, Jane Street Group, LLC and others.

Goldman Sachs Group (NYSE:GS) Has Announced That It Will Be Increasing Its Dividend To $3.00

Goldman Sachs Appoints Bryan Jacobi as Executive to Its Asset Management Arm

Now 21% undervalued

The Goldman Sachs Group, Inc. Announces Management Appointments

Goldman Sachs Group's (NYSE:GS) Shareholders Will Receive A Bigger Dividend Than Last Year

Independent Director recently sold US$5.1m worth of stock

Independent Director notifies of intention to sell stock

Goldman Sachs: Q2 Earnings Show Growth Is On The Horizon

Second quarter dividend increased to US$3.00

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Goldman Sachs Q2 Preview: Accelerating EPS Growth (Rating Upgrade)

The Goldman Sachs Group, Inc. (NYSE:GS) agreed to acquire an unknown majority stake in Tait Towers Inc. from Providence Equity Partners L.L.C.

The Goldman Sachs Group, Inc. (NYSE:GS) agreed to acquire an unknown majority stake in Tait Towers Inc. from Providence Equity Partners L.L.C.

Goldman Sachs Is Reinventing Itself: A Strategic Shift Ignites Growth

Now 16% undervalued

Now 16% undervalued

Now 16% undervalued

Saudi Tadawul Group Holding Company (SASE:1111) completed the acquisition of unknown minority stake in Dubai Mercantile Exchange Limited from a group of sellers.

Now 20% undervalued

The Goldman Sachs Group, Inc. Appoints John B. Hess as Independent Director of the Board, Effective June 24, 2024

Now 20% undervalued

Goldman Sachs: Too Late To Buy

The Goldman Sachs Group, Inc. (NYSE:GS) acquired Xpress Wellness Urgent Care from Latticework Capital Management.

Upcoming dividend of US$2.75 per share

Insider recently sold US$6.9m worth of stock

Chairman & CEO recently sold US$3.0m worth of stock

Chairman & CEO notifies of intention to sell stock

The Goldman Sachs Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Chairman & CEO exercised options and sold US$6.7m worth of stock

Lead Independent Director recently sold US$2.2m worth of stock

Lead Independent Director notifies of intention to sell stock

Goldman Sachs: Continues To Offer Enormous Valuation Opportunity

First quarter dividend of US$2.75 announced

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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