From Nasdaq:

Synovus Financial (SNV) reported quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.94 per share and $1.35 per share a year ago.

Revenues of Synovus Financial (SNV) were reported at $488.68 million for the quarter ended December 2023, missing the Zacks Consensus Estimate by 7.38%. The company has outperformed consensus revenue estimates two times over the last four quarters.

Synovus shares have lost about 5.8% since the beginning of the year versus the S&P 500’s decline of -0.1%. The company’s earnings outlook remains pivotal for its stock’s immediate price movement.

The estimate revisions trend for Synovus is favorable, leading to a Zacks Rank #1 (Strong Buy) for the stock. The current consensus EPS estimate is $0.95 on $541.55 million in revenues for the coming quarter and $3.95 on $2.21 billion in revenues for the current fiscal year.

USCB Financial Holdings, Inc. (USCB) is expected to post quarterly earnings of $0.22 per share, a year-over-year change of -24.1%, and revenues of $17.31 million are expected.

Synovus Financial (SNV) missing Q4 report reflects a -14.89% earnings surprise and a 7.38% revenue miss. Despite this, its Zacks Rank #1 suggests that it is expected to outperform the market in the near future. The company continues to have a favorable earnings estimate trend.



Read more: Synovus Financial (SNV) Misses Q4 Earnings and Revenue Estimates