Synovus Financial Corp reports results for the quarter ended December 31 - Earnings Summary

Synovus Financial

16/01/2025 24:09

* Synovus Financial Corp  SNV.N  reported quarterly adjusted
earnings of $1.25​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of $1.06.  The mean expectation of
seventeen analysts for the quarter was for earnings of $1.15 per
share. Wall Street expected results to range from $1.09 
to $1.20 per share.
    * Revenue rose 18.8% to $580.58 million from a year ago;
analysts
expected $566.59 million. 
    * Synovus Financial Corp's reported EPS for the quarter was
$1.25​.
    * The company reported quarterly net income of $178.85
million.
    * Synovus Financial Corp shares had risen by 4.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Synovus Financial
Corp is $63.00 
This summary was machine generated from LSEG data January 16 at
12:08 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.15           1.25           Beat
 Sep. 30 2024      1.09           1.23           Beat
 Jun. 30 2024      0.86           1.16           Beat
 Mar. 31 2024      0.99           0.86           Missed