American Express Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
American Express Company (NYSE:AXP) is set to release its Q3 financial results on Oct. 20, 2023. Analysts predict earnings of $2.94 per share, up from $2.47 per share a year ago, and revenue of $15.37 billion, up from $13.56 billion. The company's shares fell 1.3% to close at $149.62 on Thursday. Several analysts have revised their ratings and price targets for the company ahead of the earnings call.
October 20, 2023 | 6:33 am
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NEUTRAL IMPACT
American Express is expected to report increased earnings and revenue for Q3. However, its shares fell 1.3% recently and analysts have revised their ratings and price targets for the company.
The upcoming earnings release is a significant event for American Express. The predicted increase in earnings and revenue could positively impact the stock. However, the recent fall in share price and the mixed analyst ratings introduce uncertainty, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100