Goldman Sachs Group Inc. $GS to Release Earnings on January 15

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Goldman Sachs Group Inc. (GS) is scheduled to release earnings on January 15, 2020, before the market opens, and will hold a conference call at 9:30 AM ET on the same day. The stock currently trades at 245.21, which is 18.8% higher than the close following its last reported earnings, trading with a range of 198.61 to 246.11 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 3.8% move for this earnings, and during the previous earnings release, the stock experienced a +0.3% move. Over the last 12 quarters, the absolute average move has been ± 2.7%, with a minimum move of 0.2% and a maximum move of 9.5%. GS has only experienced 3 larger-than-expected earnings moves in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
3 Days Before Earnings:For 9 of the last 12 quarters (75%), GS stock price has gone up in the 3 days before earnings. It has had an average gain of +1.3% during that span.
2 Days Before Earnings:For 9 of the last 12 quarters (75%), the stock price has gone up in the 2 days before earnings. Over that period, it has an average gain of +0.7%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that buying the put butterfly spread the day before earnings had 67% winning occurrences, for an average gain of +55%. Additionally, buying at-the-money straddles only resulted in 42% winning occurrences -- however, the average return was a gain of +5.9%.

EPS Estimate

Analysts are currently expecting GS to report an earnings of $5.46 per share, compared to $4.83 for the same quarter last year. Revenue is expected to come in at $8.5 billion versus $8.1 billion for the previous year.