SNV's Q3 earnings are expected to rise to $1.35 per share. Projected revenue of $603.18 million exceeds last year's $564.72 million. SNV shares rose 3.6% to close at $47.84 recently. Pinnacle is merging with Synovus in an $8.6 billion deal. Analysts show mixed ratings with some lowering price targets.
SNV's Q2 earnings report is due on July 16, expecting $1.25 EPS. Projected revenue for SNV is $585.99 million, up significantly from last year. Recent analyst consensus shows positive ratings and increased price targets for SNV. SNV shares fell 4% to $52.53 before the earnings report.
Synovus Financial's Q4 earnings expected at $1.22 per share, up from 84 cents. Projected revenue growth to $19.43 billion, exceeding last year's $17.44 billion. Barclays upgraded Synovus stock from Equal-Weight to Overweight, raising target to $95. Synovus offers a 2.90% annual dividend yield, appealing for income-focused investors. Investors need $207,020 for $500 monthly income from dividends at current yield.
- Synovus Financial saw a revenue decline of 12.4% and an EPS decrease. - Company's revenue missed Zacks Consensus Estimate, EPS below analyst expectations. - Key metrics like Net Interest Margin, Efficiency Ratio, and Total Non-performing Assets discussed. - Synovus stock returned -3.6% in the past month, currently rated as Zacks Rank #3. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Synovus Financial reported earnings of $0.79 per share, missing estimates. - Revenues for Synovus were $537.73 million, missing the Zacks Consensus Estimate. - Estimate revisions for Synovus are currently mixed, with a Zacks Rank #3 (Hold). - Synovus shares have lost 2.7% this year, underperforming the S&P 500. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings