American Express (AXP) Stock Sinks As Market Gains: Here's Why

Group 1 - American Express (AXP) ended the recent trading session at $266.21, showing a -0.41% change from the previous day's closing price, which lagged behind the S&P 500's 0.25% gain [1] - Over the past month, shares of American Express have gained 5.29%, outperforming the Finance sector's gain of 1.86% and the S&P 500's gain of 1.65% [1] Group 2 - American Express is set to release its earnings on October 18, 2024, with an anticipated EPS of $3.26, reflecting a 1.21% decline compared to the same quarter last year [2] - The consensus estimate projects revenue of $16.66 billion, indicating an 8.28% increase from the equivalent quarter last year [2] - For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.13 per share and revenue of $65.99 billion, representing increases of +17.13% and +9.04% respectively from the previous year [2] Group 3 - The Zacks Rank system, which incorporates estimate changes, currently ranks American Express as 2 (Buy), with a recent EPS estimate increase of 0.04% [3] - American Express has a Forward P/E ratio of 20.36, which is higher than the industry average Forward P/E of 11.23, indicating a premium valuation [3] Group 4 - American Express has a PEG ratio of 1.48, compared to the industry average PEG ratio of 1.1 [4] - The Financial - Miscellaneous Services industry, which includes American Express, holds a Zacks Industry Rank of 54, placing it in the top 22% of over 250 industries [4]