Goldman Sachs Group Future Growth

Future criteria checks 1/6

Goldman Sachs Group is forecast to grow earnings and revenue by 13.6% and 4.7% per annum respectively. EPS is expected to grow by 15.7% per annum. Return on equity is forecast to be 12% in 3 years.

Key information

13.6%

Earnings growth rate

15.7%

EPS growth rate

Capital Markets earnings growth	15.5%
Revenue growth rate	4.7%
Future return on equity	12.0%
Analyst coverage	Good
Last updated	20 Apr 2024

Recent future growth updates

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

Apr 17

The Goldman Sachs Group, Inc. (NYSE:GS) Just Released Its Yearly Earnings: Here's What Analysts Think

Jan 19

Recent updates

Goldman Sachs: Continues To Offer Enormous Valuation Opportunity

Apr 20

Shareholders May Be More Conservative With The Goldman Sachs Group, Inc.'s (NYSE:GS) CEO Compensation For Now

Apr 18

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

Apr 17

The Goldman Sachs Group, Inc. (NYSE:GS) Just Released Its Yearly Earnings: Here's What Analysts Think

Jan 19

Breaking Down Goldman Sachs' Q4 Triumph: What Investors Need To Know

Jan 16

Goldman Sachs Preferred D Vs. K: Does Coupon Floor D Have The Better Strategy?

Jan 10

Goldman Sachs: Holding On For Dividend Income Growth And Capital Resilience

Dec 25

Goldman Sachs: Bullish Trend Likely To Continue

Nov 23

Skip This Week's Treasury Auction For Goldman Sachs' 7% Yielding Debt

Oct 25

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	54,350	13,630	N/A	N/A	10
12/31/2025	52,688	13,011	N/A	N/A	18
12/31/2024	51,065	12,216	N/A	N/A	18
3/31/2024	46,726	8,700	N/A	N/A	N/A
12/31/2023	45,226	7,856	-14,903	-12,587	N/A
9/30/2023	44,106	7,170	-19,915	-17,391	N/A
6/30/2023	43,756	8,246	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	-19,711	-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
6/30/2013	36,289	8,306	N/A	8,274	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GS's forecast earnings growth (13.6% per year) is above the savings rate (2.3%).

Earnings vs Market: GS's earnings (13.6% per year) are forecast to grow slower than the US market (14.4% per year).

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

Revenue vs Market: GS's revenue (4.7% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: GS's revenue (4.7% 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%).

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Goldman Sachs Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

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

The Goldman Sachs Group, Inc. (NYSE:GS) Just Released Its Yearly Earnings: Here's What Analysts Think

Recent updates

Goldman Sachs: Continues To Offer Enormous Valuation Opportunity

First quarter dividend of US$2.75 announced

Shareholders May Be More Conservative With The Goldman Sachs Group, Inc.'s (NYSE:GS) CEO Compensation For Now

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

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

The Goldman Sachs Group, Inc. Announces Executive Changes

Goldman Sachs: Time To Take Some Profit (Technical Analysis)

Not Many Are Piling Into The Goldman Sachs Group, Inc. (NYSE:GS) Just Yet

Now 20% undervalued

The Goldman Sachs Group, Inc., Annual General Meeting, Apr 24, 2024

The Goldman Sachs Group, Inc. Announces Jessica Uhl Not Stand for Re-Election as Member of Board of Directors

First Advantage Corporation (NasdaqGS:FA) entered into an agreement to acquire Sterling Check Corp. (NasdaqGS:STER) from The Goldman Sachs Group, Inc. (NYSE:GS), Caisse de dépôt et placement du Québec and others for $1.7 billion.

Goldman Sachs: Downgraded To Sell Due To Revenue Sustainability Concerns

First Advantage Corporation (NasdaqGS:FA) entered into an agreement to acquire Sterling Check Corp. (NasdaqGS:STER) from The Goldman Sachs Group, Inc. (NYSE:GS), Caisse de dépôt et placement du Québec and others for $1.7 billion.

Chief Financial Officer recently sold US$5.0m worth of stock

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Global Treasurer notifies of intention to sell stock

Goldman Sachs: Buy The 7.3% Yield Preferreds

Upcoming dividend of US$2.75 per share

The Goldman Sachs Group, Inc. to Report Q2, 2024 Results on Jul 15, 2024

Chief Legal Officer notifies of intention to sell stock

New minor risk - Insider selling

Insider recently sold US$3.6m worth of stock

The Goldman Sachs Group, Inc. Announces Board Changes

Fourth quarter dividend of US$2.75 announced

The Goldman Sachs Group, Inc. (NYSE:GS) Just Released Its Yearly Earnings: Here's What Analysts Think

Saudi Tadawul Group Holding Company (SASE:1111) entered into a binding agreement to acquire unknown minority stake in Dubai Mercantile Exchange Limited from a group of sellers.

The Goldman Sachs Group, Inc. Declares Dividend on Common Share, Payable on March 28, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Breaking Down Goldman Sachs' Q4 Triumph: What Investors Need To Know

Goldman Sachs Preferred D Vs. K: Does Coupon Floor D Have The Better Strategy?

Goldman Sachs: Holding On For Dividend Income Growth And Capital Resilience

Goldman Sachs Asset Management Appoints Alexandra Wilson-Elizondo as Co-Chief Investment Officer

Goldman Sachs: Bullish Trend Likely To Continue

The Goldman Sachs Group, Inc. Appoints Nicholas Gleize as Senior Vice President

Goldman Sachs Reportedly Plans to Offload GM Credit Card

Creative Planning, LLC completed the acquisition of Goldman Sachs Personal Financial Management from The Goldman Sachs Group, Inc. (NYSE:GS).

Exxon Mobil Corporation (NYSE:XOM) completed the acquisition of Denbury Inc. (NYSE:DEN) from The Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., FMR LLC and others.

Skip This Week's Treasury Auction For Goldman Sachs' 7% Yielding Debt

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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