Synchrony Financial reports results for the quarter ended March 31 - Earnings Summary

• Synchrony Financial SYF.N reported quarterly adjusted earnings of $1.89​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $3.14. The mean expectation of twenty analysts for the quarter was for earnings of $1.67 per share. Wall Street expected results to range from $1.31 to $1.92 per share.

• Revenue rose 1.3% to $4.46 billion from a year ago; analysts expected $4.56 billion.

• Synchrony Financial's reported EPS for the quarter was $1.89​.

• The company reported quarterly net income of $736 million.

• Synchrony Financial shares had fallen by 10.8% this quarter and lost 27.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.4% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for Synchrony Financial is $69.00

This summary was machine generated from LSEG data April 22 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)