American Express (AXP) closed at $232.44 in the latest trading session, showing a slight decrease of -0.1% from the previous day. This performance was lower than the S&P 500’s gain of 0.26%. The Dow experienced a 0.18% increase, while the Nasdaq rose by 0.35%.
In the past month, American Express stock has dropped by 3.97%, trailing behind the Finance sector’s 0.75% gain and the S&P 500’s 3.25% increase.
Investors are eagerly awaiting American Express’ upcoming earnings release. The company is expected to report an EPS of $3.23, marking an 11.76% increase from the previous year. Revenue is anticipated to reach $16.6 billion, a 10.25% rise from the same quarter last year.
For the full year, Zacks Consensus Estimates predict earnings of $13.01 per share and revenue of $66.44 billion, reflecting changes of +16.06% and +9.8% compared to the prior year.
Analyst forecasts for American Express should be closely monitored for any recent revisions, as these changes often indicate short-term business trends. Positive revisions typically signal analyst confidence in the company’s performance and profitability.
American Express currently holds a Zacks Rank of #2 (Buy). The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has a history of outperformance, with #1 stocks returning an average of +25% annually since 1988.
In terms of valuation, American Express has a Forward P/E ratio of 17.89, higher than the industry average of 10.88. The company’s PEG ratio stands at 1.32, while the industry average is 0.75.
The Financial – Miscellaneous Services industry, to which American Express belongs, is part of the Finance sector and currently has a Zacks Industry Rank of 92, placing it in the top 37% of all industries.
To stay informed about stock-shifting metrics, utilize Zacks.com for updates in the upcoming trading sessions.