Preview: Synchrony Finl's Earnings
Portfolio Pulse from Benzinga Insights
Synchrony Financial (NYSE:SYF) is set to release its quarterly earnings on October 16, 2024, with analysts expecting an EPS of $1.79. The company's shares have risen 80.9% over the past year, and the consensus rating is Neutral with a slight potential upside. Historical performance shows that even with an EPS beat, the stock price can drop, as seen last quarter. Synchrony leads in revenue growth among peers but has a lower return on assets.
October 15, 2024 | 3:00 pm
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NEUTRAL IMPACT
Synchrony Financial is expected to report an EPS of $1.79. Despite a strong past year with shares up 80.9%, the stock has a Neutral rating with a slight potential upside. Historical data shows that even with an EPS beat, the stock price can drop, highlighting the importance of guidance.
The upcoming earnings report is crucial for Synchrony Financial, with analysts expecting an EPS of $1.79. The stock has performed well over the past year, but the Neutral rating and slight potential upside suggest limited short-term gains. Historical performance indicates that even with an EPS beat, the stock price can drop, emphasizing the importance of guidance. Therefore, the short-term impact is neutral, as the market will likely react more to the guidance than the EPS itself.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100