Goldman Sachs Raises 2020 Earnings
- 4 years ago
On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate.
The move comes after better-than-expected second-quarter results.
Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115.
That's about 21% lower than 2019.
Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021.
The estimate is tied to Goldman's economic growth outlook.
The move comes after better-than-expected second-quarter results.
Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115.
That's about 21% lower than 2019.
Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021.
The estimate is tied to Goldman's economic growth outlook.