American Express(US:AXP) ZACKSยท2024-09-18 22:56Company Performance - American Express (AXP) ended the recent trading session at $262.18, showing a -1.21% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.29% [1] - Over the past month, shares of American Express have appreciated by 4.87%, outperforming the Finance sector's gain of 2.97% and the S&P 500's gain of 1.57% [1] - The company is scheduled to release its earnings on October 18, 2024, with a forecasted EPS of $3.26, reflecting a 1.21% decrease from the same quarter last year, and expected quarterly revenue of $16.65 billion, up 8.28% from the year-ago period [1] Earnings Estimates - For the entire fiscal year, Zacks Consensus Estimates project earnings of $13.13 per share and revenue of $65.99 billion, representing changes of +17.13% and +9.04% from the prior year, respectively [2] - Recent changes to analyst estimates for American Express indicate shifting dynamics in short-term business patterns, with positive estimate revisions seen as a good sign for the company's business outlook [2] Valuation Metrics - American Express currently has a Forward P/E ratio of 20.22, which is a premium compared to its industry's average Forward P/E of 11.58 [3] - The company holds a PEG ratio of 1.47, while the Financial - Miscellaneous Services industry has an average PEG ratio of 1.09 [3] Industry Overview - The Financial - Miscellaneous Services industry is part of the Finance sector and currently holds a Zacks Industry Rank of 66, placing it within the top 27% of over 250 industries [4] - The Zacks Industry Rank measures the strength of individual industry groups by assessing the average Zacks Rank of the stocks within those groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]