For its second fiscal quarter (ending June 30), Synchrony Financial (NYSE: SYF) has reported a 18% increase in E.P.S. from $1.32 a year ago to $1.56 in the current quarter. This performance was $0.22 better than the consensus estimate of $1.34. E.P.S. were $7.27 for the latest four quarters through June 30 versus $5.49 for the same period a year ago — an increase of 32%.
Recent Price Action
Synchrony Financial (NYSE: SYF) stock rose modestly by 1.0% on 7/17/24. The stock closed at $52.22. Moreover, trading volume in this advance was unusually high at 152% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.8% during the last week.
Current PriceTarget Research Rating
SYF is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Synchrony Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Synchrony Financial has a very high Appreciation Score of 90 and a very high Power Rating of 90, and the Highest Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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