Earnings Preview: Synovus Financial

| About: Synovus Financial (SNV)

Synovus Financial Corp. (NYSE:SNV) is expected to report Q2 earnings after market close Thursday, July 24, with a conference call scheduled for 4:30 PM ET.


Analysts are looking for EPS of 13c on revenue of $384.27M. The consensus range for EPS is (1c) to 21c, while the consensus range for revenue is $381.31M to $389.60M, according to First Call.

Analyst Views

Research firms have had varying outlooks on Synovus in recent weeks. SunTrust recently called Synovus their best long idea, and they reiterated their Buy rating. Conversely, Morgan Keegan early this month downgraded Synovus to Market Perform from Outperform, citing their concerns about a likely dividend cut, and losses they believe the company will suffer in its construction and development portfolio. And on a positive note, Bank of America wrote last month that they would feel comfortable owning Synovus.

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Tagged: , Regional - Mid-Atlantic Banks, Earnings, SA Submit
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