Insights Ahead: Synovus Finl's Quarterly Earnings

Synovus Finl (NYSE:SNV) is preparing to release its quarterly earnings on Wednesday, 2024-10-16. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Synovus Finl to report an earnings per share (EPS) of $1.09.

Anticipation surrounds Synovus Finl's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

During the last quarter, the company reported an EPS beat by $0.30, leading to a 1.01% drop in the share price on the subsequent day.

Here's a look at Synovus Finl's past performance and the resulting price change:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	0.86	0.99	0.9	0.86
EPS Actual	1.16	0.79	0.8	0.84
Price Change %	-1.0%	-7.000000000000001%	5.0%	-2.0%

Stock Performance

Shares of Synovus Finl were trading at $46.54 as of October 14. Over the last 52-week period, shares are up 74.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Synovus Finl visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.