Earnings Outlook For American Express
Portfolio Pulse from Benzinga Insights
American Express (NYSE:AXP) is expected to release its quarterly earnings report on Friday, January 26, 2024, with an estimated EPS of $2.64. Investors are looking for an earnings beat and positive guidance for future growth. In the past, AXP's stock price has not always correlated with earnings performance, as seen in the last quarter with a $0.36 EPS beat but no change in stock price. Over the last year, AXP shares have increased by 8.67%, trading at $185.82 as of January 24.
January 25, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
American Express is anticipated to report quarterly earnings with investors focusing on both the earnings beat and forward guidance. Historical data shows mixed stock price reactions to past earnings. Shares have been trending positively over the past year.
The short-term impact on AXP's stock price is uncertain due to mixed historical reactions to earnings reports. While an earnings beat could positively influence the stock, the guidance provided will likely play a crucial role. The positive year-long trend may buffer negative reactions.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100