- Synchrony Financial (SYF, Financial) reports robust Q1 performance with significant earnings and revenue beats.
- Analysts predict substantial upside potential for SYF, rating it as "Outperform".
- Shareholder returns are boosted with a $2.5 billion buyback plan and a 20% dividend hike.
Synchrony Financial (SYF) has delivered an impressive performance in the first quarter, easily surpassing market expectations. The company's GAAP EPS reached $1.89, exceeding estimates by $0.17. Furthermore, revenue soared to $4.46 billion, outpacing projections by a substantial $740 million. In a move to enhance shareholder value, Synchrony Financial has approved a $2.5 billion share repurchase plan and increased its quarterly dividend by 20% to $0.30 per share.
Wall Street Analysts Forecast
Market analysts have provided one-year price targets for Synchrony Financial (SYF, Financial), with an average target price of $68.19. The range of estimates is notable, with a high of $88.00 and a low of $44.00. This average target price suggests a significant upside of 44.37% from the current trading price of $47.23. For more comprehensive estimate data, investors can visit the Synchrony Financial (SYF) Forecast page.
Synchrony Financial enjoys a positive outlook from a consensus of 22 brokerage firms, which have collectively assigned the company an average brokerage recommendation of 2.2. This ranking indicates an "Outperform" status, using a scale where 1 denotes Strong Buy and 5 signifies Sell.
According to GuruFocus estimates, the anticipated GF Value for Synchrony Financial (SYF, Financial) stands at $68.58 over the next year. This suggests an optimistic upside of 45.2% from its current price of $47.23. The GF Value represents GuruFocus' fair value estimate for the stock, calculated using historical trading multiples, past business growth, and future performance projections. Investors looking for more detailed data can head to the Synchrony Financial (SYF) Summary page.
