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Earnings of $0.36 per share expected for Synovus Financial Corp. (NYSE:SNV)'s (SNV) fourth quarter

Earnings of $0.36 per share expected for Synovus Financial Corp. (NYSE:SNV)'s (SNV) fourth quarter
Written by
Joel Najarian
Published on
October 21, 2014
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Wall Street is currently anticipating earnings per share will range between $0.32 and $0.40 per share for Synovus Financial Corp. (NYSE:SNV)'s December 2014, fourth quarter, with a consensus of $0.36 per share.RECOMMENDATIONS

  • The company has a consensus recommendation of a buy.
  • The recommendations made by eighteen analysts evaluating the company include four strong buy, five buy, six hold, and three underperform.
  • The average consensus recommendation for the International Banks peer group is a buy.

FORECAST CHANGES

  • Eighteen analysts are currently providing Thomson Reuters I/B/E/S with earnings estimates.
  • In the last week, one estimate was revised down.
  • Over the past four weeks, two estimates were revised downward and two upward.
  • During the last four weeks, two analysts added estimates.
  • The consensus earnings per share estimate has not moved in the last four weeks.
  • The high estimate was $0.40 four weeks ago and the low estimate was $0.32.

YEAR OVER YEAR

  • Current quarter consensus estimate of $0.36 per share implies an increase of 3.71% from the same quarter last year when the company earned $0.35 per share.
  • Peer group earnings are projected to rise above the the same quarter last year and have been revised downward over the last four weeks.

Synovus Financial Corp. (NYSE:SNV) is trading up 4.77% to $23.94 prior to their earnings release this afternoon.

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