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Synchrony Financial (SYF)
NYSE:SYF
US Market
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Synchrony Financial (SYF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 28, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
1.93
Last Year’s EPS
1.03
Same Quarter Last Year
Based on 18 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Oct 19, 2018
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% Change Since: 27.82%
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Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong financial performance with significant net earnings and successful partnership expansions, juxtaposed with challenges such as decreased purchase volumes, increased delinquencies, and cautious consumer spending trends.
Company Guidance
During the Synchrony Financial third quarter 2024 earnings call, key financial guidance metrics highlighted included net earnings of $789 million or $1.94 per diluted share, a return on average assets of 2.6%, and a return on tangible common equity of 24.3%. The company's ending loan receivables reached $102 million, reflecting a 4% growth compared to the previous year, attributed to a 60 basis point decrease in payment rate surpassing a 4% decline in purchase volume. Net revenue saw a 10% rise to $3.8 billion, driven by increased interest and fees and a lower RSA. The allowance for credit losses as a percentage of loan receivables was reported at 10.79%, showing consistency with the second quarter's coverage ratio. Management projected a full-year 2024 diluted earnings per share between $8.45 and $8.55, indicating a $0.80 improvement from prior guidance. Credit actions since mid-2023 have been noted to improve delinquency trajectories, with year-end reserve rates expected to align with those of year-end 2023. The call emphasized the company's strategic focus on fostering sustainable risk-adjusted growth and maintaining strong capital return programs to shareholders.
Strong Financial Results
Synchrony reported net earnings of $789 million or $1.94 per diluted share, a return on average assets of 2.6%, and a return on tangible common equity of 24.3% for the third quarter.
Growth in New Accounts and Purchase Volume
Synchrony added 4.7 million new accounts and generated $45 billion of purchase volume, reflecting stable average active accounts and ending receivables growth of 4%.
Partnerships and Renewals
Synchrony added or renewed more than 15 partners, including major names like DICK's Sporting Goods and Gibson, and launched strategic partnerships with Albertsons and other companies.
Loan Receivables Growth
Ending loan receivables reached $102 million, reflecting growth of 4% compared to last year.
Net Revenue Increase
Net revenue grew 10% to $3.8 billion due to higher interest and fees, lower RSA, and higher other income.
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Synchrony Financial (SYF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

SYF Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jul 27, 20182018 (Q2)
- / 0.92
0.6150.82% (+0.31)
Oct 19, 20182018 (Q3)
- / 0.91
0.730.00% (+0.21)
Jan 23, 20192018 (Q4)
- / 1.09
0.755.71% (+0.39)
Apr 18, 20192019 (Q1)
- / 1.00
0.8320.48% (+0.17)
Jul 19, 20192019 (Q2)
- / 0.97
0.925.43% (+0.05)
Oct 18, 20192019 (Q3)
- / 1.22
0.9134.07% (+0.31)
Jan 24, 20202019 (Q4)
- / 1.20
1.0910.09% (+0.11)
Apr 21, 20202020 (Q1)
- / 0.45
1-55.00% (-0.55)
Jul 21, 20202020 (Q2)
- / 0.06
0.97-93.81% (-0.91)
Oct 20, 20202020 (Q3)
- / 0.63
1.22-48.36% (-0.59)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SYF Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 16, 2024$53.05$56.26+6.05%
Jul 17, 2024$51.19$51.69+0.98%
Apr 24, 2024$42.19$44.32+5.05%
Jan 23, 2024$36.94$36.62-0.87%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Synchrony Financial (SYF) report earnings?
Synchrony Financial (SYF) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
    What is Synchrony Financial (SYF) earnings time?
    Synchrony Financial (SYF) earnings time is at Jan 28, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is SYF EPS forecast?
          SYF EPS forecast for the fiscal quarter 2024 (Q4) is 1.93.
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            Synchrony Financial (SYF) Earnings News

            Synchrony Financial Posts Q2 Beat
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            Market News
            Synchrony Financial Posts Q2 Beat
            3y ago
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