Goldman Sachs is poised to announce its second quarter earnings for 2026 on Tuesday, July 14, with analysts predicting significant growth in both revenue and earnings per share (EPS). The consensus forecast for EPS stands at $14.51, a notable increase from $10.90 recorded in the same quarter last year. Additionally, revenue is anticipated to reach approximately $16.22 billion, reflecting a year-over-year rise of over 48%.
Heading into this earnings report, Goldman Sachs shares have appreciated about 21% since the beginning of the year, currently trading near $1,057. The anticipated revenue growth rate represents a slight deceleration from the previous quarter, where Goldman reported revenues of $17.23 billion, marking a 14.4% increase from the prior year. For Q2, analysts expect revenue growth to moderate to around 12.7%, compared to 14.5% in the same quarter last year.
The company has a history of outperforming Wall Street estimates, contributing to a generally stable analyst sentiment leading up to the report. In the past month, many analysts have reaffirmed their earnings projections, reflecting confidence in the bank's performance.
Prior to the earnings announcement, several analysts have raised their price targets for Goldman Sachs. Ebrahim Poonawala from Bank of America increased his target from $1,050 to $1,150, maintaining a Buy rating. He cites stronger net interest income and wealth management inflows as key drivers of growth for major U.S. banks. Similarly, Evercore ISI analyst Glenn Schorr raised his target to $1,075 from $950, emphasizing favorable capital market conditions, including rising equity prices and healthy trading volumes, as supportive factors for Goldman Sachs.
Options traders are preparing for a notable post-earnings market reaction, with an implied move of 4.78% in either direction, nearly double the average post-earnings fluctuation of 2.36% observed over the last four quarters. This heightened expectation reflects a broader trend in capital markets, where stocks have increased by approximately 3.7% in the past month, while Goldman has seen a slight decline of 1.7%.
Currently, the average analyst price target for Goldman Sachs is around $1,073.58, suggesting a potential upside of approximately 2% from the current stock price. Among 13 analysts following the stock, the consensus rating includes six Buy ratings, six Hold ratings, and one Sell rating, resulting in a Moderate Buy consensus.
This material is informational and not financial advice.
