Published: 17/10/2016 – www.stockmarketdaily.co – Follow us on Twitter: @SMDailyco
Goldman Sachs Group Inc and Intel expected big results:
Goldman Sachs (NYSE: GS)
The third-quarter profit of this New York-based financial giant is anticipated to have risen more than 23% from a year ago to $3.79 per share, according to Wall Street analysts. The consensus of 79 Wall Street respondents has earnings coming in at $3.93 per share. Note that Wall Street have underestimated earnings in the previous quarter.
In Tuesday morning’s report, analysts are looking for $7.42 billion in revenue for the three months that ended in September, a little less than the $7.60 billion that Wall Street predicts. Forecast is more than 8 percent higher than the revenue reported a year ago, but also less than the $7.93 million reported for the second quarter.
Goldmen Sachs (NYSE: GS) closed at $167.42 on Friday as per Yahoo finance.
Intel (NASDAQ: INTC)
After Tuesday’s closing bell, Intel is reported to announce EPS of $0.73 in its third quarter, according to Wall Street. That would be up from a profit of $0.64 per share a year ago. The Wall Street consensus estimate is $0.72 per share, though the analysts, like Estimize, have underestimated EPS in the past few quarters.
This has been narrowly overestimated revenue in the previous quarter, and this time the 193 respondents are looking for $15.56 billion. The Wall Street estimate is essentially the same, and both forecasts are a little less than the midpoint of Intel’s guidance range. In the same period of last year, the company reported $14.46 billion in revenue.
Intel (NASDAQ: INTC) Closed on $36.93 as per Yahoo Finance. At time of writing it’s