We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
American Express (AXP) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
The most recent trading session ended with American Express (AXP - Free Report) standing at $302.26, reflecting a -0.79% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.25% gain on the day. On the other hand, the Dow registered a loss of 0.29%, and the technology-centric Nasdaq increased by 0.97%.
Prior to today's trading, shares of the credit card issuer and global payments company had gained 11.73% over the past month. This has outpaced the Finance sector's gain of 4.93% and the S&P 500's gain of 3.51% in that time.
Investors will be eagerly watching for the performance of American Express in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.01, showcasing a 14.89% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.19 billion, up 8.8% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.39 per share and a revenue of $65.96 billion, indicating changes of +19.45% and +9.01%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for American Express. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.03% downward. As of now, American Express holds a Zacks Rank of #3 (Hold).
Investors should also note American Express's current valuation metrics, including its Forward P/E ratio of 22.75. This denotes a premium relative to the industry's average Forward P/E of 12.63.
We can additionally observe that AXP currently boasts a PEG ratio of 1.74. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Miscellaneous Services was holding an average PEG ratio of 1.1 at yesterday's closing price.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 56, finds itself in the top 23% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
American Express (AXP) Stock Declines While Market Improves: Some Information for Investors
The most recent trading session ended with American Express (AXP - Free Report) standing at $302.26, reflecting a -0.79% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.25% gain on the day. On the other hand, the Dow registered a loss of 0.29%, and the technology-centric Nasdaq increased by 0.97%.
Prior to today's trading, shares of the credit card issuer and global payments company had gained 11.73% over the past month. This has outpaced the Finance sector's gain of 4.93% and the S&P 500's gain of 3.51% in that time.
Investors will be eagerly watching for the performance of American Express in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.01, showcasing a 14.89% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.19 billion, up 8.8% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.39 per share and a revenue of $65.96 billion, indicating changes of +19.45% and +9.01%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for American Express. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.03% downward. As of now, American Express holds a Zacks Rank of #3 (Hold).
Investors should also note American Express's current valuation metrics, including its Forward P/E ratio of 22.75. This denotes a premium relative to the industry's average Forward P/E of 12.63.
We can additionally observe that AXP currently boasts a PEG ratio of 1.74. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Miscellaneous Services was holding an average PEG ratio of 1.1 at yesterday's closing price.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 56, finds itself in the top 23% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.