From Nasdaqnpm:

Goldman Sachs BDC (GSBD) closed at $14.65, marking a -1.15% move from the previous day. This change lagged the S&P 500’s 0.28% loss with Dow and Nasdaq seeing similar negative moves. Shares of the company have seen an increase of 0.61% over the last month, not keeping up with the finance sector’s gain of 8.34% and the S&P 500’s gain of 5.24%.

The investment community will be closely monitoring the performance of Goldman Sachs BDC in its forthcoming earnings report. The company’s upcoming EPS is projected at $0.57, reflecting a 12.31% drop compared to the same quarter of the previous year. The company’s Zacks Consensus Estimates are projecting earnings of $2.25 per share and a revenue of $456.63 million for the entire fiscal year.

Investors should also pay attention to any latest changes in analyst estimates for Goldman Sachs BDC. These recent revisions tend to reflect the evolving nature of short-term business trends. Positive estimate revisions reflect analyst optimism about the company’s business and profitability. The Zacks Rank system has been crafted to rate stocks based on these estimate changes and offers a practical way to assess the stock’s performance.

Goldman Sachs BDC’s current valuation metrics include its Forward P/E ratio of 6.58. It denotes a discount relative to the industry’s average Forward P/E of 7.55. The Financial – SBIC & Commercial Industry industry that it is a part of, carries a Zacks Industry Rank of 23, placing it within the top 10% of over 250 industries.

Additionally, Zacks is providing a bonus report that names and explains a growth stock and 4 other “must buys” in the Artificial Intelligence sector. The AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion by 2030.

The stock market data platform advises readers to keep track of stock-impacting metrics, and more, in the succeeding trading sessions. It also has personalized reports that provide stock analysis and investment recommendations.



Read more: Why Goldman Sachs BDC (GSBD) Dipped More Than Broader Market Today