Market Overview

Earnings Preview: Synchrony Finl

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Synchrony Finl (NYSE: SYF) announces its next round of earnings this Tuesday, October 20. Here is Benzinga's look at Synchrony Finl's Q3 earnings report.

Earnings and Revenue

Analysts covering Synchrony Finl modeled for quarterly EPS of $0.7 on revenue of $3.49 billion. Synchrony Finl reported a profit of $1.22 per share when it published results during the same quarter last year. Sales in that period totaled $4.39 billion. If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be down 42.62%. Sales would be down 20.48% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.12 -0.31 1.07 1.12
EPS Actual 0.06 0.45 1.10 1.22
Revenue Estimate 3.64 B 3.92 B 4.07 B 4.36 B
Revenue Actual 3.40 B 3.89 B 4.03 B 4.39 B

Stock Performance

Over the past 52-week period, shares of Synchrony Finl have declined 15.01%.

Do not be surprised to see the stock move on comments made during its conference call. Synchrony Finl is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/n5sntyrz

 

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