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Preview: Synovus Financial's Earnings

Benzinga Insights
·1 min read

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%.

View more earnings on SNV

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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