Synovus Financial Prepares for Q3 Earnings with Revised Analyst Forecasts

Instructions

This article examines Synovus Financial's impending third-quarter earnings release, highlighting analyst expectations and recent revisions to their ratings and price targets. It provides an overview of the company's financial projections and market performance in light of a significant merger announcement.

Unveiling Q3 Performance: Synovus Financial Faces Scrutiny from Top Analysts

Anticipating Synovus Financial's Third Quarter Fiscal Performance

Synovus Financial Corp. (NYSE: SNV) is poised to unveil its financial outcomes for the third fiscal quarter on Wednesday, October 15, following the close of market trading. The financial community is keenly awaiting these results, with specific projections for the company's profitability and revenue streams.

Expert Predictions for Earnings and Revenue Growth

Market analysts are forecasting that the Columbus, Georgia-headquartered banking institution will report quarterly earnings of $1.35 per share. This projection signifies an increase from the $1.23 per share recorded during the corresponding period in the prior year. Furthermore, revenue expectations for Synovus Financial stand at $603.18 million for the quarter, an uptick from $564.72 million reported in the previous year, according to data compiled by Benzinga Pro.

Strategic Merger and Market Reaction

A notable development preceding this earnings announcement was the revelation on July 24 regarding an $8.6 billion all-stock merger agreement between Pinnacle and Synovus. Following this news, Synovus Financial's shares experienced a positive movement, concluding trading on Tuesday with a 3.6% gain, reaching a price of $47.84.

Insights from Leading Financial Analysts

Investors seeking deeper understanding into Synovus's market position can reference the updated analyst ratings available on Benzinga's Analyst Stock Ratings platform. This resource allows users to filter and review assessments based on various criteria such as stock symbol, company name, and rating adjustments made by different analytical firms.

Recent Analyst Rating and Price Target Adjustments

Several prominent financial analysts have recently re-evaluated their positions on Synovus Financial: Truist Securities' David Smith maintained a 'Buy' rating but adjusted his price target from $58 to $56 on September 24, 2025. Keefe, Bruyette & Woods' Brady Gailey shifted his rating from 'Outperform' to 'Market Perform' and reduced the price target from $65 to $50 on August 13, 2025. Stephens & Co.'s Russell Gunther kept an 'Equal-Weight' rating, decreasing the price target from $60 to $54 on July 29, 2025. Barclays' Jared Shaw upheld an 'Overweight' rating while lowering the price target from $70 to $65 on July 28, 2025. Conversely, DA Davidson's Gary Tenner reiterated a 'Buy' rating and elevated his price target from $60 to $63 on July 18, 2025. These analysts boast accuracy rates ranging from 67% to 77

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