Synovus Financial (SNV) Q4 Earnings and Revenues Top Estimates

Core Insights - Synovus Financial (SNV) reported quarterly earnings of $1.25 per share, exceeding the Zacks Consensus Estimate of$ 1.16 per share, and showing a significant increase from $0.80 per share a year ago, representing an earnings surprise of 7.76% [1] - The company posted revenues of$ 580.58 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.26% and up from $488.68 million year-over-year [2] - Synovus shares have increased approximately 4.8% since the beginning of the year, contrasting with a decline of -0.7% in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 1.08 on revenues of $563.17 million, while for the current fiscal year, the estimate is$ 4.70 on revenues of $2.32 billion [7] - The estimate revisions trend for Synovus is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Banks - Southeast industry, to which Synovus belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]