Enhanced external counterpulsation Treatment and Therapy Future Engineering Projects Hotel and Travel Solutions Project Management for Healthcare Professionals Cosmetic Dermatology and Aesthetic Surgery Health and Medical Information Automotive News, Concept Cars, Electric Vehicles Helping Hands Celebrity Weekend Religion and Health Car Magazine Find the Best Hotel and Real Estate National Council for Higher Education Future Energy Sources Natural Health Business Support, Information and Advice Best Hosting Information and Tips Pilates and Dance Home Energy Saver Audio Car Parts and Accessories Antique Furniture Natural Holistic Health Care and Alternative Healing Remedies Safety and Public Health Service Information Online Insurance Quotes Information Interior Design Ideas, Home Design Ideas Health and Beauty Tips Understanding Drug Abuse and Addiction Knowledge Innovation For Technology In Education Real Estate News Nutrition Information and Healthy Life Smart Education Center The Radon Information Center Healthy Food and Beverage Graduate and Medical Education Programs Chemical Dependency and Addiction Treatment Auto Parts, Car Parts and Auto Accessories Tokyo Outlaws The National Sport Information Centre Financial Strategies for IT Consultants and Contractors Recorder and Early Music Arts and Entertainment Travel Green Guide Facts about Alcohol and Drug Abuse Women's Health Program Worldwide Travel Guides Entertainment on Art & Design, Dance, Movies, Music, and Theater Strategic Financial Analysis for Business Evaluation Beginner Guide to Financial Statements American Red Cross Information Homelessness and Housing Education and Training Coffee Business and Consulting Information Rivers for Life acne medicine and acne control treatment information Education Foundation OSHA Safety and Health Program Skateboard Tricks and Tips Emergency Medical Technicians and Paramedics Guidelines for Health Education Beach Volleyball skills, drills and thrills World Academy of Humanities and Social Sciences Understanding Special Education Drug and Alcohol Treatment Centers Lawyer, Attorney, Law Firms and Legal Information Automotive Artists Around the World Small Business Opportunities Golf Schools, Golf Instruction and Golf Lessons Website Design Tips Quarter Horses Information Travel and Deals Alternative Fuels and Renewable Energy Sources Get the best of Restaurant Guide Business Referral and Networking Skills Medical Health Plans Business Consulting Car Audio Syatem Health Plans and Benefits How To Start A Small Business Online Casino and Gambling Guide Construction Management Fundamentals Animation Tips & Tricks Journal of Public Transportation General Hotel and Resort Information Travel Guides, Hotel Reviews and Vacation Ideas Workplace Safety and Health Music Corner and Reviews American Book Reviews Women Health Center Symphony Music Fundamentals of Business Financial Management Audio Visual Innovations Information and communications technology Movie Reviews, Photos, Film Trailers and Actor Recipes, Menus, Cooking & Food Guides Pet Health and Pet Supply Australian Health Online Small Business Plan Beauty and Cosmetic Information All About Motorhomes Wedding Planning Guide Auto Products Parts and Accessories Popular Cars Online Business Center The Ranch House Multilingual Global Marketing Law and Advocacy Real Estate, Hotel and Apartment Ejaculation Problems During Sex And Masturbation Search Engine Optimization Home Wall Decor Cheap Vacation Packages Acoustic Guitar and Music Renewable Energy and Electricity All About Baseball Home Furniture Stores

Goldman Sachs to Announce Earnings on Tuesday, October 18 (Charts) *Financial Performance Review* GS




۩ ۩ ۩

Goldman Sachs (GS) will report Q3 2011 financial results on Tuesday, October 18


Goldman Sachs (GS) to Announce Earnings

Goldman Sachs will report Q3 2011 financial results on Tuesday, October 18, before market open. The conference call will be at 8:00 a.m. ET.


Goldman Sachs Future and Past Financial Performance

Earnings per Share
Yahoo Finance Analysts Estimates: $-0.15 avg, low estimate $-1.02, high estimate $1.22, 23 analysts
Prior Quarter: $1.85
Prior Year: $2.98
Goldman Sachs Outlook: not provided

Prior Q2 2011 Financial Results
When Goldman Sachs reports Q3 2011, the 3 months ended September, financial results on October 18, Goldman Sachs is expected to miss, meet, or beat various Q2 2011 various prior quarterly results. These financial results are charted on the Goldman Sachs Financial Performance page. These prior quarterly GAAP financial results were:
Net Revenues $7.28 billion
Operating Income $1.61 billion
Net Income $1.09 billion
Earnings per Share $1.85
Operating Income Margin 22.14%
Net Income Margin 14.93%

Summary
Overall, Q3 2011 is expected to miss both prior Q2 2011 and prior year Q3 2010 financial results. The analysts average loss per share estimate of $-0.15 is dismal and lower than either quarter. Therefore, Goldman Sachs is projected to miss QoQ and YoY on all key metrics: Earnings per Share, Net Revenues, Operating Income, Net Income, Operating Margin, and Net Margin. The detailed quarter by quarter charts are on the Goldman Sachs Financial Performance page and also posted below..


Goldman Sachs Reports Lackluster Q2 Earnings: Overall poor financial performance, yet EPS increases

Goldman Sachs Summary Q2 2011 Goldman Sachs Q2 2011 financial results were poor as a result of plunging Net Revenues, which was specifically a sharp drop in trading revenues. Regardless, earnings per share actually increased due to a large decrease in preferred shares and the related dividend and ongoing repurchase of common shares. Financial position continues adequate. Significant uncertainty about Goldman Sachs future financial performance has been created by these latest financial results.

Goldman Sachs Income Statement Q2 2011 Goldman Sachs reported net revenues of $7.28B, net income of $1.09B, and earnings per share of $1.85. From the prior quarter Q1 2011, net revenues were down -39%, net income down -60%, and earnings per share up +60%. Goldman Sachs was able to increase earnings per share regardless of poor financial performance by a significant decrease in outstanding preferred shares and the related dividend and an ongoing repurchase of common shares. From the prior year Q2 2010, a worse performing quarter than the current quarter, these were down -18%, +77%, and +126%, respectively. The operating and net margins decreased to 22.14% and 14.93%, respectively, which are historically poor performance for Goldman Sachs.

Goldman Sachs Balance Sheet Q2 2011 Total assets increased QoQ +0.4% to $937B. The capital to assets ratio (total stockholders' equity divided by total assets) is an adequate 7.73%. Tier 1 capital increased slightly to 14.70 % and Tier 1 common increased slightly to 12.9%. Both continue adequate.


Goldman Sachs Financial Performance by the Quarters (Charts)

Goldman Sachs Earnings per Share (Chart) Below is a chart of quarterly earnings per diluted share. After the plunge to -$4.97 in November 2008 during the USA Financial System Crisis, Goldman Sachs rebounded to a peak of +$8.20 in December 2009, but has generally downtrended since. Earnings per share have been positive since the November 2008 plunge, for 10 consecutive quarters, but have been volatile and erratic. The current Earnings per Share of $1.85 is both a QoQ and YoY decrease for the 2nd consecutive quarter.


Goldman Sachs Net Revenues, Operating Income, Net Income (Chart) Below is a chart of quarterly net revenues, operating income, and net income. Consolidated revenues are reported net of interest expense. Current Net Revenues of $7.28B are a multi-year low and have historically been volatile. Current Operating Income of $1.61B is a 4-quarter low and has not rebounded to Pre-Financial Crisis levels earlier in 2008. Current Net Income of $1.09B is a 4-quarter low.


Goldman Sachs Operating Margin and Net Margin (Chart) Below is a chart of quarterly operating margin and net margin. Both margins have been volatile because of the fluctuations in net revenues, operating income, and net income. The prior quarterly margins of 16.38% and 6.93% in June 2010 were the lowest since the loss incurred in November 2008. Current Operating Margin of 22.14% is a 4-quarter low. Current Net Margin of 14.93% is also a 4-quarter low.


Goldman Sachs Return on Assets (Chart) Below is a chart of annual return on average assets per quarter. The total net income for the most recent 4 quarters is divided into average assets for the most recent 4 quarters to obtain a rolling annualized ROA, an annualized return on average assets for the 12 months (4 quarters) ended. Current Return on Assets of 0.89% is the first increase after 4 consecutive quarterly decreases. ROA increased because the lower performing Q2 2010 net income of $613M dropped out of the calculation leaving the 4 more profitable recent quarters.


Goldman Sachs Income Statement Components (Chart) Below is a chart of the major income statement components: NonInterest Revenue, Net Interest Income, NonInterest Expense, and Net Income. Current NonInterest Revenue plunged to $5.87B as a result of a decrease in Market Making and Other Principal Transactions and is the lowest since the dismal QE November 2008. NonInterest Revenue has historically been incredibly volatile with large swings upwards or downwards which have ultimately affected Net Income either positively or negatively. NonInterest Revenue is not recovering sufficiently nor been stable and and therefore has become a drag on Net Revenues and ultimately Net Income. Current Net Interest Income of $1.41B rebounded to a 4-quarter high, but not enough to significantly improve Net Income. Current NonInterest Expense, operating expenses, of $5.67B dropped to a 2-quarter low as a result of a $2B decrease in Compensation and Benefits. Current Net Income is reviewed on previous charts above.


Goldman Sachs Growth Rates (Chart) Below is a chart of the annual (YoY, Y/Y, annual change) growth rates for net revenues and earnings per share. Net revenues and earnings per share growth rates have been volatile and erratic. Current Net Revenues Growth -17.65% is the 5th consecutive negative YoY. Current Earnings per Share Growth of +125.61% is encouraging, after 4 consecutive negative YoY. The chart averages for NRG and EPSG are -10.48% and -10.33%, respectively. Goldman Sachs has bounced back from the 2008 Financial Crisis, but improvement has been subdued and not been consistent overall.


Goldman Sachs Operating Expense Ratio (Chart) Below is a chart of the operating expense ratio (NonInterest Expense divided by Total Revenues, which are NonInterest Income plus Interest Income). The Current Operating Expense Ratio of 59.37% continues an upward trend to high levels. This is a negative development. NonInterest Expense, operating expenses, appear to be contained, but plunging NonInterest Revenue has disproportionately increased the ratio. An unreasonable share of each dollar of revenues is being spent on operating expenses. Though still a high ratio historically, the ratio peaked in June 2010 at an astronomical 70.25%. Ultimately a continuation of this uptrend will decrease profitability and already has.



* Change in Accounting Periods The Goldman Sachs Group, Inc. (GS) changed from a fiscal year to a calendar year at the end of 2008 when the conversion to a bank holding company occurred. As a result, a fiscal quarter 3ME 11-30-08 was reported and the next quarter reported subsequently was the 3ME 3-31-09. The 1ME 12-26-08 was reported separately, as an "orphan month", and not included in a quarterly financial results.


More Charts and Analysis!
USA and Global Economic News and Analysis
Apple (AAPL) financial performance and stock charts
Google (GOOG) financial performance and stock charts
Largest USA tech companies
Microsoft (MSFT) financial performance charts
Intel (INTC) financial performance charts
VMware (VMW) financial performance charts
SalesForce.com (CRM) financial performance charts
Rackspace (RAX) financial performance charts
Cisco (CSCO) financial performance charts
Oracle (ORCL) financial performance charts
HP (HPQ) financial performance charts
IBM (IBM) financial performance charts
USA failed and problem banks
Largest USA banks
Federal Reserve statistical releases
FDIC quarterly banking profile
JPMorgan Chase & Co. (JPM) financial performance charts
Citigroup (C) financial performance charts
Goldman Sachs (GS) financial performance charts
Wells Fargo (WFC) financial performance charts
Bank of America (BAC) financial performance charts
S&P 500 (SPX) charts and review
China economic, Internet, and technology news
Baidu (BIDU) financial performance and stock charts
Select news regarding the Universe, Earth, Humanity, Future

Visit Osprey Port News Network!
Apple, Google, Baidu, China, technology, financial system, stocks, markets, economy, science, environment, future

Follow Financial Controls (@FinConInc)



۩ ۩ ۩
newer post older post