American Express Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
American Express Company (NYSE:AXP) is anticipated to report higher earnings for Q4 before the market opens on Jan. 26, 2024. Analysts predict earnings of $2.64 per share, up from $2.07 the previous year, and revenue of $16 billion, up from $14.18 billion. In Q3, AXP exceeded expectations with revenue of $15.38 billion and EPS of $3.30. AXP shares rose 1.2% to $188.07 recently. Analysts have revised their ratings and price targets, with varied opinions from Baird, JP Morgan, Citigroup, Piper Sandler, and RBC Capital.
January 26, 2024 | 7:38 am
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POSITIVE IMPACT
American Express is projected to report increased earnings and revenue for Q4. Recent analyst ratings show a mix of downgrades and upgrades with varying price targets. The stock recently increased by 1.2%.
The anticipation of higher earnings and revenue is a positive signal for investors, which could lead to a short-term increase in stock price. The mixed analyst ratings may create some uncertainty, but the recent price increase indicates a positive market reaction to the expected earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100