From Nasdaq Inc.:

Synchrony Financial (SYF) will be reporting its Q4 2023 results on Jan 23 with an expected 23.8% decrease in EPS. Despite higher interest earned, Q3 earnings were partially offset by increased expenses and provision for credit losses. For the Q4, higher purchase volume, interest earned, digital sales volume, and a higher share of active accounts in the Q4 are expected.

Synchrony may be hurt by increased non-interest expenses, provision for credit losses and transactions deterred by the high-interest rate environment. An earnings beat looks uncertain for Synchrony this time around due to a negative earnings ESP of -8.26%. However, companies that may post an earnings beat this time around include Coinbase Global, Inc. (COIN), Chubb Limited (CB), and Brookfield Asset Management Ltd. (BAM).



Read more: Can Higher Expenses Affect Synchrony’s (SYF) Q4 Earnings?