Goldman Sachs (GS) Earnings Estimates Remain Strong

Up until mid-October, Goldman's stock price was moving hand in hand with its earnings per share estimates.  As shown in the chart below, this relationship between earnings estimates and stock price has diverged significantly since the stock peaked.  Goldman's stock has moved from about $190 down to $165, but its Q4 earnings per share estimate has remained steady and even increased slightly over the past couple of months. 

 

 

Comments

[Wascot]

I read on the Oil Traders Blog that Goldman Sachs traders were selling the stock because they will be paid in stocks and not in cash...so they want to be paid in cheap stock

Makes sense, not?

http://oiltradersblog.blogspot.com/

[Graham Turner]

perhaps the market's made a P/E adjustment. I wonder why?