Jump to content

Goldman Sachs share price and Q1 2022 results preview

Recommended Posts

What to expect and how to trade Goldman Sachs’ upcoming results.

bg_goldman_sachs_229700628.jpgSource: Bloomberg
 Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Friday 08 April 2022 

In this article we preview the upcoming Goldman Sachs results and look at how traders and brokers are placed leading into the event.

When are the Goldman Sachs results expected?

Goldman Sachs is set to release first quarter (Q1) 2022 results on the 14th of April 2022.

What is ‘The Street’s’ expectation for the Q1 2022 results?

‘The Street's’ expectations for the upcoming results are as follows:

- Revenue of $11.925 billion (-32.64% year-on-year - YOY)

- Earnings per share $8.99 (-51.67% YoY)

How to trade Goldman Sachs into the results

Refinitiv11.pngSource: Refinitiv


Refinitiv data shows a consensus analyst rating of ‘buy’ for Goldman.

The long-term price target of $429.10 suggests the share is currently trading at a discount of 37% to a perceived longer term fair value.

IGclients804.pngSource: IG


IG sentiment data shows that 93% of clients with open positions on the share (as of the 8th of April 2022) expect the price to rise over the near term, while 7% of these clients expect the price to fall.

Goldman Sachs - technical view

GS0804.pngSource: ProRealTime


The long-term trend for Goldman remains down as the price trades firmly below the 200-day simple moving average (SMA).

In the short-term, however we have a bullish wedge formation (red lines) and oversold signal on the company. This suggests that we could see a short-term rebound within the longer term uptrend.

The rebound would be considered following a break (close) above wedge resistance at roughly $328.90. This scenario would consider a move back towards the 375.50 level.

Traders respecting the longer term downtrend would, however look for a bearish reversal before this level ($375.50) for short entry. Alternatively, a break below wedge support ($299.60) could also suggest short entry with $269.70 the next support target.

In summary

- Goldman Sachs is set to release Q1 2022 results on the 14th of April 2022

- Q1 2022 are expected to show a year-on-year decline in both revenue and earnings per share (EPS)

- Long-term broker consensus suggests the share is currently a ‘buy’, with a longer term price target of $429.10

- IG clients with open positions on the share are predominantly long

- The long-term price trend for Goldman remains down, although in the short-term a falling wedge and oversold signal suggest a short-term rebound.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 05/06/23 21:20
  • Posts

    • Tech Stock Market Report: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL  Stock Market Summary: Tech stocks remain in bullish trend.  Elliott Wave Analysis: APPL is in Wave (a) of an (a) (b) (c) Wave iv) correction, this will affect ETFs and the Nasdaq 100. This correction should be completed at the end of the next trading session. The tech stocks in this video are fine in their bullish trend structures. Trading Strategy: Longer term traders can simply hold as the main trend structure as a bullish trend is in place. Video Chapters 00:00 Apple (AAPL) 09:35 Amazon (AMZN) 10:54 NVIDIA (NVDA) 15:44 Meta Platforms (META) 17:41 Netflix (NFLX)  19:20 Alphabet (GOOGL) 21:33 Microsoft (MSFT) 25:16 Tesla (TSLA) 31:35 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com   
    • Look Ahead to 6/6/23: RBA interest rate decision; UK retail sales; British American Tobacco Australia’s central bank is likely to keep rates at 3.85% in June, but may raise again soon as inflation remains uncomfortably high. More data is likely to show cost of living pressures continue to weigh on the British consumer. Plus, watch out for consumption trends and earnings from British American Tobacco. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 05 June 2023           
    • We would like to go short silver for technical reasons and do so at $23.58 with a stop-loss at $24.03 and a downside target at $22.15. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Monday 05 June 2023        
  • Create New...