Will American Express (AXP) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - American Express (AXP) has a strong history of beating earnings estimates and is well-positioned for continued success in its upcoming quarterly report [1][2]. Group 1: Earnings Performance - American Express has consistently surpassed earnings estimates, achieving an average beat of 10.25% over the last two quarters [1]. - In the most recent quarter, the company reported earnings of $3.49 per share, exceeding the expected $3.22 per share by 8.39% [1]. - For the previous quarter, American Express reported $3.33 per share against an estimate of $2.97 per share, resulting in a surprise of 12.12% [1]. Group 2: Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for American Express, with a positive Zacks Earnings ESP indicating a strong likelihood of an earnings beat [2]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2]. - American Express currently has an Earnings ESP of +1.52%, suggesting increased analyst optimism regarding its near-term earnings potential [3]. Group 3: Upcoming Earnings Report - The next earnings report for American Express is expected to be released on October 18, 2024 [3].