GS to Release Earnings on July 17
Goldman Sachs Group Inc. (GS) is scheduled to release earnings on July 17, 2018, before the market opens, and will hold a conference call at 9:30 AM ET on the same day. The stock currently trades at 226.36, which is 10.8% lower than the close following its last reported earnings, trading with a range of 218.89 to 262.25 since that time.
Expected Price Volatility
Currently, option traders are expecting a ± 3.3% move for this earnings, and during the previous earnings release, the stock experienced a -1.6% move. Over the last 12 quarters, the absolute average move has been ± 2.1%, with a minimum move of 0.6% and a maximum move of 4.7%. GS has only experienced 3 larger-than-expected earnings moves in the last 12 quarters.
Earnings Price Pattern
Earnings Day Drift:For 9 of the last 12 quarters (75%), GS stock price has drifted down after the open, on average closing -0.5% lower over that time.
Negative Earnings Trend:For 9 of the last 12 quarters (75%), the stock price has experienced negative earnings effects. Over that time, the average earnings move is -0.9%.
Earnings Option Strategies
MarketChameleon's option strategy analysis
shows that selling out-of-the-money calls the day before earnings had 75%
winning occurrences, for an average gain of +46.0%
. Additionally, selling at-the-money straddles resulted in 58%
winning occurrences, for an average return of +6.4%
Analysts are currently expecting GS to report an earnings of $4.58 per share, compared to $3.95 for the same quarter last year. Revenue is expected to come in at $8.6 billion versus $7.9 billion for the previous year.
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