Synovus Financial Corp expected to post earnings of 90 cents a share - Earnings Preview

Synovus Financial

15/01/2024 21:02

* Synovus Financial Corp  SNV.N   SNV  is expected to show a
fall
in quarterly revenue when it reports  results on January 17 for
the period ending December 31 2023
    * The Columbus Georgia-based  company is expected to report
a
14.4% decrease in revenue to $516.579 million from $603.72
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data. (SAL represents Total/Operating
revenue)
    * ​LSEG's mean analyst estimate for Synovus Financial Corp
is for
earnings of 90 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Synovus
Financial
Corp is $40.00​, above​ its last closing price of $36.02. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.82        0.87       0.84      Missed  -2.9
 Jun. 30 2023  1.14        1.15       1.16      Beat    1
 Mar. 31 2023  1.21        1.23       1.33      Beat    8.6​
 Dec. 31 2022  1.33        1.36       1.35      Missed  -0.7
 ​​Sep.        1.28        1.28       1.34      Beat    5
 30 2022                                                
 Jun. 30 2022  1.08        1.09       1.17      Beat    6.9​
 Mar. 31 2022  1.00        1.01       1.08      Beat    6.8
 Dec. 31 2021  1.08        1.08       1.35      Beat    25
 This summary was machine generated January 15 at 21:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)