Synovus Financial Corp reports results for the quarter ended in June - Earnings Summary

Synovus Financial

20/07/2023 14:32

* Synovus Financial Corp  SNV.N  reported quarterly adjusted
earnings of $1.16​​ per share for the quarter ended in June. The
mean expectation of sixteen analysts for the quarter was
for earnings of $1.15 per share.
    * Revenue rose 8.6% to $567.81 million from a year ago;
analysts
expected $570.96 million. 
    * Synovus Financial Corp's reported EPS for the quarter was
$1.13​.
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates 
    * Synovus Financial Corp shares had risen by 15.4% this
quarter and lost 7.0% so far this year.
    * The company reported quarterly net income of $165.82
million.
    * Wall Street's median 12-month price target for Synovus
Financial
Corp is $36.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
20 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.15           1.16           Beat
 Mar. 31 2023      1.23           1.33           Beat
 Dec. 31 2022      1.36           1.35           Missed
 Sep. 30 2022      1.28           1.34           Beat