Synovus Financial Corp expected to post earnings of 99 cents a share - Earnings Preview

Synovus Financial

15/04/2024 21:13

* Synovus Financial Corp  SNV.N   SNV  is expected to show a
fall
in quarterly revenue when it reports  results on April 17 for
the period ending March 31 2024
    * The Columbus-based  company is expected to report a
10.8% decrease in revenue to $547.634 million from $613.88
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Synovus Financial Corp
is for
earnings of 99 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 $44.00​, above​ its last closing price of $36.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.97        0.90       1.06      Beat    18
 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.        1.33        1.36       1.35      Missed  -0.7
 31 2022                                                
 Sep. 30 2022  1.28        1.28       1.34      Beat    5​
 Jun. 30 2022  1.08        1.09       1.17      Beat    6.9
 Mar. 31 2022  1.00        1.01       1.08      Beat    6.8
 This summary was machine generated April 15 at 20:13 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)