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American Express (AXP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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American Express (AXP - Free Report) reported $14.28 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 21.7%. EPS of $2.40 for the same period compares to $2.73 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $14.01 billion, representing a surprise of +1.91%. The company delivered an EPS surprise of -9.09%, with the consensus EPS estimate being $2.64.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how American Express performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Card billed business (Network volumes): $398.9 billion versus the four-analyst average estimate of $406.1 billion.
Worldwide cardmember loans - Average loans: $107.7 billion versus the three-analyst average estimate of $108.1 billion.
Total Non-interest Revenues: $11.30 billion versus the eight-analyst average estimate of $11.20 billion.
Total Interest Income: $4.42 billion versus the seven-analyst average estimate of $4.02 billion.
Discount revenue: $7.95 billion compared to the $7.89 billion average estimate based on seven analysts.
Net Interest Income: $2.98 billion compared to the $2.79 billion average estimate based on seven analysts.
Net card fees: $1.71 billion versus $1.71 billion estimated by seven analysts on average.
Service fees and other revenue: $1.22 billion versus the five-analyst average estimate of $1.16 billion.
Processed revenue: $420 million compared to the $416.85 million average estimate based on five analysts.
Shares of American Express have returned +1.4% over the past month versus the Zacks S&P 500 composite's +6.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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American Express (AXP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
American Express (AXP - Free Report) reported $14.28 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 21.7%. EPS of $2.40 for the same period compares to $2.73 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $14.01 billion, representing a surprise of +1.91%. The company delivered an EPS surprise of -9.09%, with the consensus EPS estimate being $2.64.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how American Express performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Card billed business (Network volumes): $398.9 billion versus the four-analyst average estimate of $406.1 billion.
- Worldwide cardmember loans - Average loans: $107.7 billion versus the three-analyst average estimate of $108.1 billion.
- Total Non-interest Revenues: $11.30 billion versus the eight-analyst average estimate of $11.20 billion.
- Total Interest Income: $4.42 billion versus the seven-analyst average estimate of $4.02 billion.
- Discount revenue: $7.95 billion compared to the $7.89 billion average estimate based on seven analysts.
- Net Interest Income: $2.98 billion compared to the $2.79 billion average estimate based on seven analysts.
- Net card fees: $1.71 billion versus $1.71 billion estimated by seven analysts on average.
- Service fees and other revenue: $1.22 billion versus the five-analyst average estimate of $1.16 billion.
- Processed revenue: $420 million compared to the $416.85 million average estimate based on five analysts.
View all Key Company Metrics for American Express here>>>Shares of American Express have returned +1.4% over the past month versus the Zacks S&P 500 composite's +6.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.