Market Overview

Preview: Synovus Financial's Earnings

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Synovus Financial (NYSE: SNV) announces its next round of earnings this Tuesday, October 20. Here is Benzinga's everything-that-matters guide for this Tuesday's Q3 earnings announcement.

Earnings and Revenue

Based on Synovus Financial management projections, analysts predict EPS of $0.52 on revenue of $469.67 million. Synovus Financial earnings in the same period a year ago was $0.97 per share. Quarterly sales came in at $490.86 million. If the company were to report earnings in line when it publishes results Tuesday, quarterly profit would be down 46.39%. Revenue would have fallen 4.32% from the same quarter last year. Here is how the Synovus Financial's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.02 0.57 0.97 0.99
EPS Actual 0.23 0.21 0.94 0.97
Revenue Estimate 446.76 M 458.24 M 484.86 M 488.16 M
Revenue Actual 550.05 M 477.12 M 497.22 M 490.86 M

Stock Performance

Over the past 52-week period, shares of Synovus Financial have declined 29.05%.

Do not be surprised to see the stock move on comments made during its conference call. Synovus Financial is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/synovus/mediaframe/39214/indexr.html

 

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