American Express Sees FY24 EPS $12.65-$13.15 vs $12.41 Est., Revenue Growth 9-11%
Portfolio Pulse from Benzinga Newsdesk
American Express forecasts its FY24 earnings per share (EPS) to be between $12.65 and $13.15, surpassing the estimated $12.41. The company also expects revenue growth to be between 9% and 11%.
January 26, 2024 | 12:03 pm
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American Express anticipates higher FY24 EPS of $12.65-$13.15 compared to the $12.41 estimate and expects revenue growth of 9-11%.
The positive forecast from American Express for both EPS and revenue growth is likely to instill confidence in investors and could lead to a short-term increase in the stock price. The fact that the EPS forecast exceeds analyst estimates is particularly significant, as it suggests that the company is performing better than expected, which is typically rewarded by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100