Synovus Earnings Preview

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Investors are on the edge of their collective seats, hoping that Synovus (NYS: SNV) will top analyst expectations for the third consecutive quarter. The company will unveil its latest earnings on Tuesday, Jan. 24. Synovus Financial is a financial services and a bank holding company. The company provides financial services, including commercial and retail banking, financial management, insurance, mortgage and leasing services to its customers through its subsidiaries.

What analysts say:

  • Buy, sell, or hold?: Analysts think investors should stand pat on Synovus with 14 of 21 analysts rating it hold. Analysts don't like Synovus as much as competitor First Horizon National overall. Twelve out of 21 analysts rate First Horizon National a buy compared to five of 21 for Synovus. Synovus' rating hasn't changed over the past three months.
  • Revenue Forecasts: On average, analysts predict $295.9 million in revenue this quarter. That would represent a decline of 8.1% from the year-ago quarter.
  • Wall Street Earnings Expectations: The average analyst estimate is zero cents per share. Estimates range from a loss of $0.03 to a profit of $0.02.

What our community says:
CAPS All-Stars are solidly behind the stock with 86.1% awarding it an "outperform" rating. The community at large backs the All-Stars with 87.5% assigning it a rating of "outperform." Fools are keen on Synovus and haven't been shy with their opinions lately, logging 186 posts in the past 30 days. Though still bullish, the CAPS rating of four out of five stars for Synovus is a bit more pessimistic than the community assessment.

Management:
Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters. 

QuarterQ3Q2Q1Q4
Net Margin7.3%(11.0%)(21.8%)(42.1%)

One final thing: If you want to keep tabs on Synovus movements, and for more analysis on the company, make sure you add it to your Watchlist.

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