Goldman Sachs stock heads into Q3 results with earnings forecast

Published on 10/06/2026 at 17:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs stock was trading at USD 898.67 on October 6, 2026, up 0.58 percent. Q2 revenue reached USD 20.34 billion, while Q3 EPS is forecast at USD 15.18.

Overhead flat lay product shot of an executive banker desk on dark mahogany wood, featuring blank pitch documents, a fountain pen, reading glasses, an analog wristwatch, a closed leather notebook, and a ceramic espresso cup on saucer under warm studio lig — Goldman Sachs US38141G1040 Banker Flatlay mit Füller Brille Uhr Notizbuch und Kaffee auf Mahagoni, Illustration mit AI erstellt.

Goldman Sachs (ISIN US38141G1040) was trading at USD 898.67 on NYSE at 11:11 a.m. ET on October 6, 2026, up 0.58 percent. The Goldman Sachs Group is heading toward its third-quarter report, with the next earnings date set for October 13, 2026. For investors, the key question is whether the firm's Q2 earnings strength can carry into the next report.

Q3 estimates set the test

According to Yahoo Finance on September 29, 2026, analysts expect diluted Q3 earnings per share of USD 15.18, up 23.9 percent from USD 12.25 in the year-ago quarter. The report is scheduled before the market opens on October 13, 2026, placing the earnings release just one week after the October 6 trading session.

ScanX reported on September 29, 2026, that another consensus view put Q3 revenue at USD 17.42 billion, versus USD 15.18 billion a year earlier, a 14.7 percent increase. The differing EPS estimates make the report's revenue mix and trading performance particularly important for the next valuation reset.

Q2 delivered a higher base

Goldman Sachs reported record Q2 2026 net revenue of USD 20.34 billion, diluted EPS of USD 20.98 and annualized return on equity of 23.5 percent, according to AlphaStreet on September 8, 2026. Revenue exceeded the USD 15.77 billion consensus cited in that report by 29.0 percent, showing how far the latest quarter ran ahead of expectations.

The firm's official investor-relations page lists the Q2 EPS result at USD 20.98 and annualized return on common equity at 23.5 percent in the July 14, 2026 release, according to Goldman Sachs. That profitability level gives the October report a demanding comparison base, even before the market sees the new revenue mix.

Consensus target stays above the price

The analyst picture remains constructive but not uniform. Yahoo Finance reported a Moderate Buy consensus from 26 analysts, with an average price target of USD 1,150.74.

Against the USD 898.67 NYSE price on October 6, 2026, that average target lies 28.1 percent above the price. The gap reflects the strength of the earnings case, while the upcoming Q3 numbers must support that valuation view.

Stock remains below its yearly high

Goldman Sachs stock was trading at USD 898.67 on NYSE at 11:11 a.m. ET on October 6, 2026, with volume of 425,202 shares and a market capitalization of USD 265.1 billion. The 52-week range was USD 740.01 to USD 1,153.99, leaving the price 22.1 percent below the upper end.

The next measurable checkpoint is October 13, 2026, when Goldman Sachs is scheduled to publish Q3 results before the market opens. The earnings release will determine whether the USD 20.34 billion Q2 revenue base and USD 20.98 Q2 EPS can be followed by another period of above-consensus performance.