Have you been eager to see how The Goldman Sachs Group, Inc. GS performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this NY-based popular bank’s earnings release this morning:An Earnings BeatGoldman came out with earnings per share of $2.68, significantly beating the Zacks Consensus Estimate of $2.57. Lower expenses were primarily responsible for the beat.How Was the Estimate Revision Trend?You should note that the earnings estimate revisions for Goldman remained stable prior to the earnings release. The Zacks Consensus Estimate has remained unchanged over the last 7 days. Also, Goldman has a decent earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 22.03% in the trailing four quarters.Revenue Came in Lower Than Expected Goldman posted revenues of $6.3 billion, missing the Zacks Consensus Estimate of $7.1 billion. Moreover, it compared unfavorably with the year-ago number of $10.6 billion.Key Stats to Note:Goldman ranked first year-to-date in worldwide announced mergers and acquisitions Goldman repurchased 10.0 million shares of its common stock for a total cost of $1.55 billion during the quarterAnnualized return on average common shareholders’ equity (ROE) was recorded at 6.4% What Zacks Rank SaysThe estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) for Goldman. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.How the Market Reacted So FarFollowing the earnings release, Goldman shares were down slightly in the pre-trading session. This is in contrary to what the stock witnessed in the prior-day’s session. Clearly, the initial reaction shows that the investors have not considered the results in their favor. However, the full-session’s price movement may indicate a different picture.Check back later for our full write up on this Goldman earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GOLDMAN SACHS (GS): Free Stock Analysis Report To read this article on Zacks.com click here.