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American Express (AXP) Dips More Than Broader Markets: What You Should Know
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American Express (AXP - Free Report) closed at $144.37 in the latest trading session, marking a -0.75% move from the prior day. This change lagged the S&P 500's 0.2% loss on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Coming into today, shares of the credit card issuer and global payments company had lost 2.11% in the past month. In that same time, the Finance sector lost 2.26%, while the S&P 500 lost 3.29%.
American Express will be looking to display strength as it nears its next earnings release, which is expected to be October 21, 2022. On that day, American Express is projected to report earnings of $2.38 per share, which would represent year-over-year growth of 4.85%. Meanwhile, our latest consensus estimate is calling for revenue of $13.51 billion, up 23.6% from the prior-year quarter.
AXP's full-year Zacks Consensus Estimates are calling for earnings of $9.88 per share and revenue of $52.83 billion. These results would represent year-over-year changes of -1.4% and +24.66%, respectively.
Investors might also notice recent changes to analyst estimates for American Express. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.11% higher within the past month. American Express is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, American Express is holding a Forward P/E ratio of 14.73. This valuation marks a premium compared to its industry's average Forward P/E of 10.96.
Also, we should mention that AXP has a PEG ratio of 1.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Miscellaneous Services industry currently had an average PEG ratio of 0.59 as of yesterday's close.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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American Express (AXP) Dips More Than Broader Markets: What You Should Know
American Express (AXP - Free Report) closed at $144.37 in the latest trading session, marking a -0.75% move from the prior day. This change lagged the S&P 500's 0.2% loss on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Coming into today, shares of the credit card issuer and global payments company had lost 2.11% in the past month. In that same time, the Finance sector lost 2.26%, while the S&P 500 lost 3.29%.
American Express will be looking to display strength as it nears its next earnings release, which is expected to be October 21, 2022. On that day, American Express is projected to report earnings of $2.38 per share, which would represent year-over-year growth of 4.85%. Meanwhile, our latest consensus estimate is calling for revenue of $13.51 billion, up 23.6% from the prior-year quarter.
AXP's full-year Zacks Consensus Estimates are calling for earnings of $9.88 per share and revenue of $52.83 billion. These results would represent year-over-year changes of -1.4% and +24.66%, respectively.
Investors might also notice recent changes to analyst estimates for American Express. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.11% higher within the past month. American Express is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, American Express is holding a Forward P/E ratio of 14.73. This valuation marks a premium compared to its industry's average Forward P/E of 10.96.
Also, we should mention that AXP has a PEG ratio of 1.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Miscellaneous Services industry currently had an average PEG ratio of 0.59 as of yesterday's close.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.