Synchrony Financial (NYSE:SYF) is set to announce second quarter earning results on Tuesday 21st July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SYF to report 2Q20 income of $ 0.15 per share.
For the full year, analysts anticipate top line of $ 15041.60 million, while looking forward to income of $ 1.70 per share bottom line.
Previous Quarter Performance
Synchrony Financial unfold income for the first quarter of $ 0.45 per share, from the revenue of $ 3,890.00 million. The quarterly earnings declined 55.00 percent while revenues dropped 9.23 percent compared with the same quarter last year.
The consensus estimates are loss of $ 0.31 per share from $ 3921.38 million in revenue. The bottom line results beat street analysts by $ 0.76 or 245.16 percent, at the same time, top line results fell short of analysts by $ 31.38 million or 0.8 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SYF was $ 22.38, representing a 84.20 % increase from the 52 week low of $ 12.15 and a 41.38 % decrease over the 52 week high of $ 38.18.
The company has a market capital of $ 13.06 billion and is part of the Financial Services sector and Credit Services industry.
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Recent Analyst recommendations
On 15th July 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating.
On 8th July 2020, maintained by Citigroup at Neutral rating, with $ 22.00 target price.
On 25th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 19.00 target price.
On 22nd June 2020, maintained by UBS Group at Neutral rating, with $ 26.00 target price.
On 17th June 2020, maintained by JMP Securities at Market Outperform rating, with $ 27.50 target price.
Recent Stock Dividend Announcement
On April 24, 2020, the board of directors authorized quarterly dividend of $ 0.22 per share to holders of record as of the close of business on May 4, 2020, with payment date of May 14, 2020 and ex-dividend date on May 1, 2020.
Conference Call
Synchrony Financial will be hosting a conference call at 8:30 AM eastern time on 21st July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.synchrony.com
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. It also provides promotional financing to consumers for health, veterinary and personal care procedures, and services and products, such as dental, vision, audiology, and cosmetic; debt cancellation products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.
