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On Friday, Synchrony Financial (NYSE:SYF) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Synchrony Financial EPS will likely be near 80 cents while revenue will be around $4.24 billion, according to analysts.
Synchrony Financial reported a per-share profit of 70 cents when it published results during the same quarter last year. Sales in that period totaled $3.88 billion. If the company were to match the consensus estimate when it reports Friday, earnings would be up 14.29 percent. Sales would be up 9.39 percent from the year-ago period. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.82 | 0.76 | 0.65 | 0.65 |
| EPS Actual | 0.92 | 0.83 | 0.7 | 0.7 |
Stock Performance
Over the past 52-week period, shares of Synchrony Financial have declined 4.54 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Synchrony Financial stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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