Synchrony Financial Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Synchrony Financial (NYSE: SYF) is expected to report lower Q3 earnings of $2.40 per share, down from $2.86 per share a year ago, with a consensus revenue estimate of $3.81 billion compared to $3.82 billion last year. The company will release its earnings on October 20. Following recent analyst revisions, Synchrony shares fell 2.5% to close at $71.72. Analysts have adjusted their price targets, with JP Morgan lowering its target from $78 to $74 and TD Cowen reducing it from $90 to $86.