For its second fiscal quarter (ending June 30), Synovus Financial Corp. (NYSE: SNV) has reported a -114% decline in E.P.S. from $1.13 a year ago to $-0.16 in the current quarter. This result fell short of the consensus estimate of $0.95 by $-1.11. For the latest four quarters through June 30, E.P.S. were $1.63 versus $5.16 for the same period a year ago — a decline of -68%.
Recent Price Action
Synovus Financial Corp. (NYSE: SNV) stock rose slightly by 0.04% on 7/17/24. The stock closed at $45.45. Moreover, this advance was accompanied by exceptionally high trading volume at 213% of normal. The stock has been strong relative to the market over the last nine months and has risen 14.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SNV is expected to continue to be an important Value Builder.
Synovus 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. Synovus Financial has a good Appreciation Score of 76 and a good Power Rating of 82, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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