Goldman Sachs’ Q3 Results Top Estimates

Goldman Sachs (NYSE: GS) announced Q3 results with revenues of $11.98 billion, down 12% year-over-year and beating estimates by $450 million. Third-quarter earnings came in at $8.25 per diluted share versus $14.93 in the same period a year back. Analysts were expecting earnings of $7.75 per share.

Is GS a Good Buy?

Analysts are cautiously optimistic about GS with a Moderate Buy consensus rating based on six Buys, three Holds, and two Sells. The average price forecast for GS stock is $392.10 implying an upside potential of 27.8% at current levels.