Synovus Financial Corp. (NYSE:SNV) financial products and services provider, is reporting third quarter earnings results on Tuesday 20th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.52 per share from $ 469.67 million in revenue.
For the full year, analysts predict revenues of $ 1947.98 million, while looking forward to income of $ 1.55 per share.
Previous Quarter Performance
Synovus Financial Corp. disclosed income for the second quarter of $ 0.57 per share, from the revenue of $ 550.05 million, On adjusted basis, SNV reported income for the quarter of $ 0.23 per share. The quarterly earnings dropped 40.63 percent while revenues increased 12.74 percent compared with the same quarter last year. Street analysts expected Synovus Financial Corp. to report income of $ 0.05 per share on revenue of $ 445.18 million for the second quarter. The bottom line results beat street analysts by $ 0.18 or 360.00 percent, at the same time, top line results outshined analysts by $ 104.87 million or 23.56 percent.
Stock Performance
Shares of Synovus Financial Corp. traded low $ -0.06 or -0.25 percent on Monday, reaching $ 23.84 with volume of 1.80 million shares. Synovus Financial Corp. has traded high as $ 24.44 and has cracked $ 23.79 on the downward trend
According to the previous trading day, closing price of $ 23.84, representing a 119.07 % increase from the 52 week low of $ 10.91 and a 40.72 % decrease over the 52 week high of $ 40.32.
The company has a market capital of $ 3.51 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Synovus Financial Corp. will be hosting a conference call at 8:30 AM eastern time on 20th October 2020, to discuss its 3Q20 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.
