Synchrony Expects FY24 EPS Of $7.60 – $7.80 Vs. $7.25 Est.
Portfolio Pulse from Benzinga Newsdesk
Synchrony Financial (SYF) has provided its FY24 EPS forecast of $7.60 to $7.80, which is higher than the estimated $7.25. The forecast accounts for several factors including a late fee rule implementation, impacts of PPPC in the latter half of 2024, and a $1.96 gain from the sale of Pets Best in the first quarter of 2024.
July 17, 2024 | 1:06 pm
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Synchrony Financial (SYF) has provided an optimistic FY24 EPS forecast of $7.60 to $7.80, surpassing the estimated $7.25. This forecast includes the impact of a late fee rule implementation, PPPC impacts in the latter half of 2024, and a $1.96 gain from the sale of Pets Best in Q1 2024.
The higher-than-expected EPS forecast is likely to positively impact SYF's stock price in the short term. The detailed breakdown of factors contributing to this forecast, including regulatory changes and asset sales, provides a clear and optimistic outlook for investors.
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