We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Have you been eager to see how Synchrony Financial (SYF - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.
An Earnings Beat
Synchrony Financial came out with adjusted earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 74 cents.
Earnings Surprise History
Synchrony Financial has a decent earnings surprise history. The company delivered positive surprises in each of the last four quarters, with an average beat of 9.45%.
Net interest income increased 7% year over year to $3.8 billion.
Provision for loan losses increased 4% to $1.4 million over the prior year quarter.
Net interest margin decreased 13 basis points to 16.05%.
Return on assets was 2.7% and return on equity was 18.2%.
Efficiency ratio was 30.9%, up 60 basis points year over year.
What Zacks Rank Says
Synchrony Financial carries a Zacks Rank #3 (Hold). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Synchrony Financial earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Synchrony Financial's (SYF) Q1 Earnings Beat Estimates
Have you been eager to see how Synchrony Financial (SYF - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.
An Earnings Beat
Synchrony Financial came out with adjusted earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 74 cents.
Earnings Surprise History
Synchrony Financial has a decent earnings surprise history. The company delivered positive surprises in each of the last four quarters, with an average beat of 9.45%.
Synchrony Financial Price and EPS Surprise
Synchrony Financial Price and EPS Surprise | Synchrony Financial Quote
Key Q1 Statistics
Net interest income increased 7% year over year to $3.8 billion.
Provision for loan losses increased 4% to $1.4 million over the prior year quarter.
Net interest margin decreased 13 basis points to 16.05%.
Return on assets was 2.7% and return on equity was 18.2%.
Efficiency ratio was 30.9%, up 60 basis points year over year.
What Zacks Rank Says
Synchrony Financial carries a Zacks Rank #3 (Hold). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Synchrony Financial earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>