Synovus Finl Q3 Adj EPS $0.84 Misses $0.86 Estimate, Sales $550.30M Beat $542.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Synovus Financial Corp. (NYSE:SNV) reported Q3 adjusted earnings of $0.84 per share, missing the analyst consensus estimate of $0.86 by 2.33%. This is a 37.31% decrease from the same period last year. However, the company's quarterly sales of $550.30 million beat the analyst consensus estimate of $542.53 million by 1.43%, despite being a 5.48% decrease from the same period last year.
October 18, 2023 | 9:29 pm
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Synovus Financial's Q3 earnings missed estimates and decreased from last year, but sales beat estimates and also decreased from last year.
The company's earnings missed analyst estimates and decreased from the same period last year, which could negatively impact the stock price. However, the sales beat estimates, which could provide some support to the stock price. The net effect is likely to be negative in the short term.
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