American Express Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
American Express Company (NYSE:AXP) is set to release its Q1 earnings on April 19, 2024, with analysts forecasting a rise in earnings per share to $2.95 from $2.19 and revenue to $15.79 billion from $13.05 billion year-over-year. The company's shares slightly fell by 0.1% to $217.50 recently. Analysts from HSBC, Wells Fargo, UBS, BMO Capital, and Baird have updated their ratings and price targets for AXP, reflecting a mix of optimism and caution ahead of the earnings release.
April 19, 2024 | 6:11 am
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American Express is anticipated to report increased earnings and revenue for Q1 2024, with analysts adjusting their ratings and price targets ahead of the earnings call.
The anticipation of higher earnings and revenue for American Express, coupled with the recent adjustments in analyst ratings and price targets, suggests a positive outlook for the stock in the short term. The slight dip in share price might offer a buying opportunity ahead of the earnings release, reflecting investor optimism.
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IMPORTANCE 90
RELEVANCE 100