American Express(US:AXP) ZACKSยท2024-10-14 22:56Company Performance - American Express (AXP) stock closed at $276.52, with a slight increase of +0.13% from the previous day, underperforming the S&P 500's gain of 0.77% [1] - The stock has appreciated by 6.63% over the past month, contrasting with a 2.93% decline in the Finance sector and a 4.87% increase in the S&P 500 [1] - The upcoming earnings report is scheduled for October 18, 2024, with an expected EPS of $3.27, reflecting a 0.91% decrease year-over-year, while revenue is projected at $16.65 billion, an increase of 8.24% from the previous year [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $13.14 per share and revenue of $65.98 billion, representing increases of +17.22% and +9.03% respectively compared to the prior year [2] - Recent adjustments to analyst estimates indicate a favorable outlook on the company's business health and profitability, with the Zacks Consensus EPS estimate rising by 0.11% in the past month [2][3] Valuation Metrics - American Express has a Forward P/E ratio of 21.02, which is a premium compared to the industry average Forward P/E of 12.26 [3] - The company has a PEG ratio of 1.53, higher than the industry average PEG ratio of 1.15, indicating a consideration of expected earnings growth [3] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, currently holds a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [4] - The Zacks Industry Rank assesses the performance of industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]