Synchrony Finl Q1 2024 Adj EPS $1.18 Misses $1.35 Estimate
Portfolio Pulse from Benzinga Newsdesk
Synchrony Financial (SYF) reported Q1 2024 adjusted earnings per share (EPS) of $1.18, missing the consensus estimate of $1.35 by 12.59%.
April 24, 2024 | 10:02 am
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Synchrony Financial reported a Q1 2024 EPS of $1.18, missing the consensus estimate of $1.35 by 12.59%.
Missing the consensus earnings estimate typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The 12.59% miss is significant, indicating that the company's performance was below market expectations, which could lead to a decrease in investor confidence and stock price.
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IMPORTANCE 90
RELEVANCE 100