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Syneos Health Inc. ($SYNH) Stock Forecast: Up 7.4% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Syneos Health Inc.?

SYNH is a contract research organization that provides clinical and commercial solutions to biopharmaceutical companies.

Why is Syneos Health Inc. going up?

SYNH stock is up 7.4% on May 10, 2023 12:25

  • SYNH had a strong bullish movement after reporting better-than-expected Q1 earnings.
  • Q1 Non-GAAP EPS of $0.75 beat estimated earnings by $0.09, and revenue of $1.36B beat by $80M.
  • The positive earnings report was likely due to increased net new business awards and bookings in their Clinical Solutions segment.
  • The recent announcement of an investment consortium buying SYNH in a $7.1 billion deal may also be contributing to the bullish movement.

SYNH Price Chart

SYNH News

Syneos Health Non-GAAP EPS of $0.75 beats by $0.09, revenue of $1.36B beats by $80M

Syneos Health press release (SYNH): Q1 Non-GAAP EPS of $0.75 beats by $0.09.Revenue of $1.36B (+1.5% Y/Y) beats by $80M.Adjusted EBITDA of $151.1 million for the three months…

https://seekingalpha.com/news/3968963-syneos-health-non-gaap-eps-of-075-beats-by-009-revenue-of-136b-beats-by-80m

News Article Image Syneos Health Non-GAAP EPS of $0.75 beats by $0.09, revenue of $1.36B beats by $80M

Syneos Health: Q1 Earnings Insights

Syneos Health (NASDAQ: SYNH ) reported its Q1 earnings results on Wednesday, May 10, 2023 at 07:00 AM. Here''s what investors need to know about the announcement. Earnings Syneos Health beat estimated earnings by 13.64%, reporting an EPS of $0.75 versus an … Full story available on Benzinga.com

https://www.benzinga.com/news/earnings/23/05/32311901/syneos-health-q1-earnings-insights

News Article Image Syneos Health: Q1 Earnings Insights

Syneos Health, Inc.: Syneos Health Reports First Quarter 2023 Results

Revenue for the first quarter of $1,356.8 million increased 1.5% on a reported basis and increased 2.4% on a constant currency basis year-over-year.Clinical Solutions net new business awards and bo…

https://www.finanznachrichten.de/nachrichten-2023-05/59047662-syneos-health-inc-syneos-health-reports-first-quarter-2023-results-399.htm

News Article Image Syneos Health, Inc.: Syneos Health Reports First Quarter 2023 Results

Syneos Health Reports First Quarter 2023 Results

MORRISVILLE, N.C., May 10, 2023 ( GLOBE NEWSWIRE ) -- Syneos Health ( Nasdaq:SYNH ) , a leading fully integrated biopharmaceutical solutions organization, today reported financial results for the three months ended March 31, 2023.

https://www.globenewswire.com/news-release/2023/05/10/2665412/33420/en/Syneos-Health-Reports-First-Quarter-2023-Results.html

News Article Image Syneos Health Reports First Quarter 2023 Results

Investment consortium to buy Syneos Health in $7.1 bln deal

May 10 ( Reuters ) - An investment consortium, comprising of Elliott Investment Management, Patient Square Capital and Veritas Capital, has agreed to buy Syneos Health Inc ( SYNH.O ) , in a deal valued at $7.1 billion, including debt, the contract research firm said on Wednesday.

https://www.reuters.com/markets/deals/investment-consortium-buy-syneos-health-71-bln-deal-2023-05-10/

News Article Image Investment consortium to buy Syneos Health in $7.1 bln deal

Syneos Health Inc. Price History

10.04.2023 - SYNH Stock was up 7.4%

  • SYNH had a strong bullish movement after reporting better-than-expected Q1 earnings.
  • Q1 Non-GAAP EPS of $0.75 beat estimated earnings by $0.09, and revenue of $1.36B beat by $80M.
  • The positive earnings report was likely due to increased net new business awards and bookings in their Clinical Solutions segment.
  • The recent announcement of an investment consortium buying SYNH in a $7.1 billion deal may also be contributing to the bullish movement.

10.04.2023 - SYNH Stock was up 7.5%

  • SYNH's stock soared 9% in premarket trade after it announced its acquisition by a private investment consortium for about $7.1 billion in cash, which represents a 24% premium over the stock's closing price on Feb. 13.
  • The consortium of Elliott Investment Management, Patient Square Capital, and Veritas Capital will buy SYNH, and the deal is expected to close in the second half of the year.
  • The acquisition news has caused the bullish movement in SYNH's stock as investors are optimistic about the company's future growth prospects under the new ownership.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.

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Date
May 10, 2023 12:25
Content
Syneos Health Inc. ($SYNH) Stock Forecast: Up 7.4% Today What is Syneos Health Inc.? Why is Syneos Health Inc. going up? SYNH SYNH Price Chart SYNH News Trending Today Syneos Health Inc. Price History 10.04.2023 - SYNH Stock was up 7.4%10.04.2023 - SYNH Stock was up 7.5%