What Makes Synovus (SNV) a New Buy Stock

Core Viewpoint - Synovus Financial (SNV) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook driven by an upward trend in earnings estimates [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates as a key factor influencing stock prices, with a strong correlation between earnings estimate revisions and near-term stock movements [4][6]. - Rising earnings estimates for Synovus suggest an improvement in the company's underlying business, which could lead to increased buying pressure and a higher stock price [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revision features [9][10]. Specific Earnings Estimates for Synovus - For the fiscal year ending December 2025, Synovus is expected to earn $5.07 per share, reflecting a 14.5% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Synovus has increased by 5%, indicating positive sentiment among analysts [8].