Pre-earnings brief
Reports
Tue, Oct 13, 2026
Est. EPS
$13.93
Est. revenue
$17.0B
Implied move
±12.7%
EPS beat rate
100%
The Goldman Sachs Group, Inc. (GS) is a leading global investment banking, securities, and investment management firm. It plays a crucial role in financial markets, providing services to a diverse client base, including corporations, financial institutions, and governments.
Last quarter
In Q2-2026, Goldman Sachs reported an impressive EPS of $20.98, significantly exceeding expectations. The stock reacted positively, gaining 9% the following day.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+15.97%
Avg 1-day reaction
+1.88%
Analysts are anticipating strong earnings, with a consensus EPS of $13.93, reflecting continued confidence in Goldman Sachs' performance. However, the range of estimates indicates some uncertainty.
Bull case
If Goldman Sachs beats the consensus EPS and revenue estimates, it could signal robust demand for its services and strong market positioning, potentially leading to a significant stock rally.
Bear case
Conversely, if the company misses expectations, it may raise concerns about its growth prospects in a competitive financial landscape, potentially leading to a decline in stock price.
Key metrics to watch
Earnings Per Share (EPS)
$13.93EPS is a key indicator of profitability and reflects the company's ability to generate earnings for shareholders.
Revenue
$17.0BRevenue growth is essential for assessing the overall health of the business and its ability to expand operations.
The print will turn on these.
Q1
Will Goldman Sachs achieve an EPS of $13.93 or higher?
This figure is critical as it sets the benchmark for market expectations and reflects the company's profitability.
Q2
What factors contributed to the revenue forecast of $17.0B?
Understanding the drivers behind revenue will help assess the sustainability of growth and market demand.
—
Est. EPS
$0.33
Est. Rev
$18.9B
Impl. Move
±7.0%
Why consensus could be wrong
The consensus may underestimate Goldman Sachs' ability to leverage its investment banking services in a recovering economy, leading to stronger-than-expected earnings.
Supporting evidence
Goldman Sachs has consistently beaten EPS estimates, indicating strong operational management.
The options market is pricing a larger move than historical averages, suggesting that investors expect significant news.
Recent insider buying activity may indicate confidence in the company's future performance.
Key risk
If the company reports an EPS significantly above $14.50, it could challenge current market expectations.
Pre-commit to what would confirm each case.
The market is closely watching earnings as a reflection of Goldman Sachs' ability to navigate a competitive financial environment.
Bull confirmed if
An EPS of $14.50 or higher would confirm strong operational performance and market demand.
Bear confirmed if
An EPS below $12.50 would indicate potential weaknesses in the business model or market conditions.
What the market is pricing for the move.
Implied Move
±12.65%
Historical Avg
±2.9%
The options market is pricing in a significant potential move, suggesting that investors are anticipating volatility around the earnings report.
Options are pricing ±12.7% while GS has averaged ±2.9% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
24.6%
Smart-money positioning from the most recent 13F filings.
Institutional
75.82%
of float
Insider
0.55%
of float
Holders
3,985
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
23,900,376 sh · $21.2B
8.21%
-0.4%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Goldman Sachs beats expectations, history suggests a stock increase of around 1.88%, confirming strong demand and operational efficiency.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further clarity from management.
Miss
A miss on earnings could lead to a decline of around 2.88%, reflecting investor disappointment and concerns about future performance.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
4
4 buys·0 sells
Members
4
House only
Est. Notional
$18,004.00–$95,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
State Street Corporation
18,830,464 sh · $16.7B
6.47%
-2.2%
Vanguard Capital Management LLC
18,425,670 sh · $16.3B
6.33%
0.2%
JPMORGAN CHASE & CO
8,039,070 sh · $7.1B
2.76%
11.4%
Vanguard Portfolio Management LLC
7,215,421 sh · $6.4B
2.48%
0.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Net buying
1 trade
Net buying
1 trade
Net buying
1 trade
Net buying
Recent Transactions
Traded Sep 3, 2026 · disclosed Oct 2, 2026
$1,001.00–$15,000.00
Traded Aug 26, 2026 · disclosed Sep 10, 2026
$1,001.00–$15,000.00
Traded Apr 16, 2026 · disclosed May 19, 2026
$1,001.00–$15,000.00
Traded Apr 16, 2026 · disclosed May 8, 2026
$15,001.00–$50,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.