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American Express (AXP) Stock Moves -0.29%: What You Should Know
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In the latest market close, American Express (AXP - Free Report) reached $173.25, with a -0.29% movement compared to the previous day. This move was narrower than the S&P 500's daily loss of 0.54%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, lost 0.84%.
Shares of the credit card issuer and global payments company witnessed a gain of 13.75% over the previous month, beating the performance of the Finance sector with its gain of 10.48% and the S&P 500's gain of 8.62%.
Analysts and investors alike will be keeping a close eye on the performance of American Express in its upcoming earnings disclosure. The company is expected to report EPS of $2.62, up 26.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $16.01 billion, up 12.94% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $11.20 per share and a revenue of $60.73 billion, demonstrating changes of +13.71% and +14.88%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for American Express. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% increase. At present, American Express boasts a Zacks Rank of #3 (Hold).
In terms of valuation, American Express is currently trading at a Forward P/E ratio of 15.52. This represents a premium compared to its industry's average Forward P/E of 9.43.
It's also important to note that AXP currently trades at a PEG ratio of 1.08. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Miscellaneous Services industry had an average PEG ratio of 1.07 as trading concluded yesterday.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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American Express (AXP) Stock Moves -0.29%: What You Should Know
In the latest market close, American Express (AXP - Free Report) reached $173.25, with a -0.29% movement compared to the previous day. This move was narrower than the S&P 500's daily loss of 0.54%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, lost 0.84%.
Shares of the credit card issuer and global payments company witnessed a gain of 13.75% over the previous month, beating the performance of the Finance sector with its gain of 10.48% and the S&P 500's gain of 8.62%.
Analysts and investors alike will be keeping a close eye on the performance of American Express in its upcoming earnings disclosure. The company is expected to report EPS of $2.62, up 26.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $16.01 billion, up 12.94% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $11.20 per share and a revenue of $60.73 billion, demonstrating changes of +13.71% and +14.88%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for American Express. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% increase. At present, American Express boasts a Zacks Rank of #3 (Hold).
In terms of valuation, American Express is currently trading at a Forward P/E ratio of 15.52. This represents a premium compared to its industry's average Forward P/E of 9.43.
It's also important to note that AXP currently trades at a PEG ratio of 1.08. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Miscellaneous Services industry had an average PEG ratio of 1.07 as trading concluded yesterday.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.