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Here's What Key Metrics Tell Us About American Express (AXP) Q3 Earnings
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American Express (AXP - Free Report) reported $15.38 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 13.5%. EPS of $3.30 for the same period compares to $2.47 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $15.41 billion, representing a surprise of -0.22%. The company delivered an EPS surprise of +11.49%, with the consensus EPS estimate being $2.96.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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): $420.2 billion compared to the $432.01 billion average estimate based on nine analysts.
Worldwide cardmember loans - Average loans: $116.6 billion versus the eight-analyst average estimate of $116.5 billion.
Total Card Member loans: $118 billion versus $116.49 billion estimated by seven analysts on average.
Total Card Member receivables: $58.8 billion versus the seven-analyst average estimate of $59.51 billion.
Risk-Based Capital - Common Equity Tier 1: 10.7% versus the seven-analyst average estimate of 11.2%.
Basic cards-in-force: 115.9 million versus 119.07 million estimated by five analysts on average.
Total cards-in-force: 138.2 million versus the five-analyst average estimate of 140.74 million.
Total Capital Ratio: 13.4% versus the four-analyst average estimate of 13.5%.
Billed business - International card service: $82.7 billion versus $81.41 billion estimated by four analysts on average.
Commercial Services - Billed business: $129.5 billion versus $134.05 billion estimated by four analysts on average.
Tier 1 Leverage Ratio: 10% versus the four-analyst average estimate of 10.1%.
Tier 1 Ratio: 11.5% versus the four-analyst average estimate of 12%.
Shares of American Express have returned -3.3% over the past month versus the Zacks S&P 500 composite's -3.7% 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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Here's What Key Metrics Tell Us About American Express (AXP) Q3 Earnings
American Express (AXP - Free Report) reported $15.38 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 13.5%. EPS of $3.30 for the same period compares to $2.47 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $15.41 billion, representing a surprise of -0.22%. The company delivered an EPS surprise of +11.49%, with the consensus EPS estimate being $2.96.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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): $420.2 billion compared to the $432.01 billion average estimate based on nine analysts.
- Worldwide cardmember loans - Average loans: $116.6 billion versus the eight-analyst average estimate of $116.5 billion.
- Total Card Member loans: $118 billion versus $116.49 billion estimated by seven analysts on average.
- Total Card Member receivables: $58.8 billion versus the seven-analyst average estimate of $59.51 billion.
- Risk-Based Capital - Common Equity Tier 1: 10.7% versus the seven-analyst average estimate of 11.2%.
- Basic cards-in-force: 115.9 million versus 119.07 million estimated by five analysts on average.
- Total cards-in-force: 138.2 million versus the five-analyst average estimate of 140.74 million.
- Total Capital Ratio: 13.4% versus the four-analyst average estimate of 13.5%.
- Billed business - International card service: $82.7 billion versus $81.41 billion estimated by four analysts on average.
- Commercial Services - Billed business: $129.5 billion versus $134.05 billion estimated by four analysts on average.
- Tier 1 Leverage Ratio: 10% versus the four-analyst average estimate of 10.1%.
- Tier 1 Ratio: 11.5% versus the four-analyst average estimate of 12%.
View all Key Company Metrics for American Express here>>>Shares of American Express have returned -3.3% over the past month versus the Zacks S&P 500 composite's -3.7% 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.