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Monday, June 16, 2008 --- 80 days ago http://www.bloggingstocks.com/2008/06/16/goldman-sachs-and-morgan-stanley-expect
 Filed under: Earnings reports , Forecasts , Goldman Sachs Group (GS) , Morgan Stanley (MS) , Lehman Br Holdings (LEH) While Lehman Brothers (NYSE: LEH ) reported dire preliminary Q2 results last week and is scheduled to release full results this morning, Goldman Sachs (NYSE: GS ) and Morgan Stanley (NYSE: MS ) are also scheduled to report quarterly results this week. Will the news continue to be dire, or will there be some glimmer of hope the numbers? Goldman Sachs is expected by analysts surveyed by Thomson Financial to report second-quarter earnings of $3.41 per share, down 30.8% from the same period of last year, but up 5.6% from the previous quarter. The company has provided positive surprises recently -- by as much as 40.8%. New York-based Goldman Sachs is one of the largest investment banking and asset management firms on the NYSE, a global leader in mergers and acquisitions advice and securities underwriting. In the past year, the company's revenues were $87.9 billion and its net income totaled $11.6 billion. Its long-term EPS growth forecast is 13.3%, which is better than the financial sector average. The consensus recommendation of analysts remains to hold Goldman Sachs . Shares are down 17.1% since the beginning of the year, and down 23.7% from a year ago. GS trades at a P/E ratio of 8.37. Shares closed Friday at $11.54. Morgan Stanley is expected to report second-quarter earnings of 91 cents per share, down 59.4% from t ... |
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