American Express (AXP - Free Report) closed the most recent trading day at $108.50, moving +1.11% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.25%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.53%.
Prior to today's trading, shares of the credit card issuer and global payments company had gained 3.61% over the past month. This has outpaced the Finance sector's loss of 1.43% and the S&P 500's loss of 2.35% in that time.
AXP will be looking to display strength as it nears its next earnings release, which is expected to be January 17, 2019. The company is expected to report EPS of $1.79, up 13.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $10.59 billion, up 19.84% from the prior-year quarter.
AXP's full-year Zacks Consensus Estimates are calling for earnings of $7.37 per share and revenue of $40.45 billion. These results would represent year-over-year changes of +25.55% and +20.85%, respectively.
Any recent changes to analyst estimates for AXP should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 1.44% higher. AXP currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that AXP has a Forward P/E ratio of 14.56 right now. This represents a premium compared to its industry's average Forward P/E of 11.8.
Meanwhile, AXP's PEG ratio is currently 1.46. 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. Financial - Miscellaneous Services stocks are, on average, holding a PEG ratio of 1.38 based on yesterday's closing prices.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AXP in the coming trading sessions, be sure to utilize Zacks.com.