Synchrony Financial (NYSE: SYF) has reported E.P.S. of $1.96 for its third fiscal quarter (ending September 30) versus $1.49 for the same period a year ago — an increase of 32%. Relative to the consensus estimate of $1.81, this was a premium of $0.15. For the latest four quarters through September 30, E.P.S. were $7.75 compared to $5.43 a year ago — an increase of 43%.
Recent Price Action
On 10/16/24, Synchrony Financial (NYSE: SYF) stock enjoyed a very large increase of 6.1%, closing at $56.52. Moreover, this advance was accompanied by unusually high trading volume at 188% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.4% 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Synchrony Financial has a good Power Rating of 77 and a very high Appreciation Score of 89, with the Highest Value Trend Rating the result.
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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