Preview: Synchrony Finl's Earnings
Portfolio Pulse from Benzinga Insights
Synchrony Financial (NYSE:SYF) is expected to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $0.93. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Synchrony's stock price has reacted to past earnings performances and guidance. Last quarter, the company beat the EPS estimate by $0.05, leading to a 1.21% stock price increase the following day. Over the last year, SYF shares have risen by 4.35%, with the stock trading at $36.91 as of January 18.
January 22, 2024 | 2:01 pm
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POSITIVE IMPACT
Synchrony Financial is anticipated to report quarterly earnings with an expected EPS of $0.93. Positive results and guidance could influence the stock price positively, as seen in the past. Shares have been trending up over the last year.
Given the historical positive reaction to earnings beats and the overall upward trend of SYF shares over the past year, a positive earnings report and guidance are likely to result in a short-term increase in stock price. However, market conditions and other unforeseen factors could affect this outcome.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100