BUZZ-PREVIEW: American Express EPS, revenue seen rising in Q1
American Expressshares fell 2.3% to $251.82 ahead of Q1 results expected to show EPS of $3.47 and revenue of $16.94 billion, compared to last year's $3.33 EPS and $15.80 billion revenue. AXP has consistently met or exceeded EPS expectations for four quarters, but missed revenue in Q3 2024. Among 31 analysts, there are 12 "strong buy" or "buy," 17 "hold," and 2 "sell" ratings, with a median price target of $282.50, down from $316.40 a month ago. AXP shares are down nearly 15% YTD, contrasting with a >6% drop in the Dow Industrials.
American Express (AXP.N) shares down 2.3% to $251.82 ahead of Q1 results due before the opening bell on Thursday
The global payments company is expected to report EPS of $3.47 on revenue of $16.94 bln, per LSEG data, vs yr-ago results of $3.33 in EPS on revenue of $15.80 bln
AXP has met or beaten EPS view in four straight qtrs; on revenue side, most recent miss was Q3 2024
Of the 31 analysts that cover American Express Co, the breakdown of recommendations is 12 “strong buy” or “buy,” 17 “hold” and 2 “sell” or “strong sell” ratings
Median price target of $282.50 is down from $316.40 a month ago
AXP shares down nearly 15% YTD vs >6% drop in Dow Industrials (.DJI)
