American Express Gains 1.1% to $311.21 as Analysts See 9.1% EPS Growth
American Express shares rose 1.1% to $311.21, outperforming the S&P 500’s 0.78% gain while still down 11.96% over the past month versus the Finance sector’s 3.3% drop. Analysts forecast April-quarter EPS of $3.97 (up 9.07% year-over-year) on $18.64 billion revenue (up 9.85%).
1. Stock Performance
American Express closed at $311.21 on March 4, up 1.1% from the prior session, outpacing the S&P 500’s 0.78% gain, the Dow’s 0.49% rise and the Nasdaq’s 1.29% advance. Despite today’s rally, the stock has slid 11.96% over the past month, lagging the Finance sector’s 3.3% loss and the S&P 500’s 1.33% drop.
2. April-Quarter Earnings Estimates
Investors await American Express’s earnings release on April 24, with consensus forecasting EPS of $3.97, a 9.07% increase from the year-ago quarter, and revenue of $18.64 billion, up 9.85% year-over-year. Full-year estimates call for $17.50 EPS (+13.78%) on $78.73 billion revenue (+9.01%).
3. Valuation and Analyst Ratings
American Express trades at a forward P/E of 17.59, a premium to the Financial-Miscellaneous Services industry average of 10.48, and posts a PEG ratio of 1.30 versus the industry’s 0.87. The company holds a Zacks Rank of #3 (Hold) after a 0.11% downward revision to the April-quarter EPS consensus over the past month.