Synovus Financial Corp. (NYSE:SNV) is set to announce second quarter earning results on Tuesday 21st July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SNV to report 2Q20 income of $ 0.05 per share.
For the full year, analysts anticipate top line of $ 1850.78 million, while looking forward to income of $ 1.29 per share bottom line.
Previous Quarter Performance
Synovus Financial Corp. came out with income for the first quarter of $ 0.21 per share, from the revenue of $ 477.12 million. The quarterly earnings declined 78.57 percent while revenues surged 0.13 percent compared with the same quarter last year.
According to street consensus, SNV was expected to report 1Q20 income of $ 0.57 per share from revenue of $ 458.24 million. The bottom line results missed street analysts by $ 0.36 or 63.16 percent, at the same time, top line results outshined analysts by $ 18.88 million or 4.12 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SNV was $ 18.17, representing a 66.54 % increase from the 52 week low of $ 10.91 and a 54.94 % decrease over the 52 week high of $ 40.32.
The company has a market capital of $ 2.68 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 8th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 29.00 target price.
On 3rd June 2020, maintained by Raymond James at Outperform rating, with $ 24.00 target price.
Conference Call
Synovus Financial Corp. 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.synovus.com
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services.
