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

Synovus Financial

19/10/2023 14:32

* Synovus Financial Corp  SNV.N  reported quarterly adjusted
earnings of 84 cents​​ per share for the quarter ended in
September. The mean expectation of sixteen analysts for the
quarter was for earnings of 87 cents per share.
    * Revenue fell 5.5% to $550.30 million from a year ago;
analysts
expected $538.43 million. 
    * Synovus Financial Corp's reported EPS for the quarter was
60
cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.7%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates 
    * Synovus Financial Corp shares had fallen by 2.8% this
quarter and lost 28.0% so far this year.
    * The company reported quarterly net income of $87.42
million.
    * Wall Street's median 12-month price target for Synovus
Financial
Corp is $33.00 
    * 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
October 19 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.87           0.84           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