Can American Express (AXP) Hit New High on Q1 Report?

What's Happening With AXP View more about AXP >

American Express (AXP) is scheduled to release first-quarter numbers April 18. Analysts are looking for earnings of $2.00 per share and revenue of $10.49 billion. During the same period last year American Express earned $1.86 per share and reported sales of $9.7 billion. AXP is 16.1% year to date.

Technical Analysis

AXP was recently trading at $110.69 down $3.86 from its 12-month high and $21.64 above its 12-month low. InvestorsObserver’s Stock Score Report gives AXP a 78 long-term technical score and a 85 short-term technical score. The stock has recent support above $106 and recent resistance below $113. Of the 14 analysts who cover the stock 5 rate it Strong Buy, 0 rate it Buy, 9 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, AXP gets a score of 75 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

AXP has been a strong outperformer over the last several years. Despite taking a big hit in December during the overall market correction, AXP has rallied back and is now sitting just shy of its all-time high. A strong quarterly report should be enough to push the stock to a new record high. A strong economy and consumer confidence is bullish for the company, and as the world moves more in a cashless direction the future is strong. The company has positive earnings surprises the last eight quarters, and the street expects that streak to continue with a whisper number of $2.06 for the quarter. Traders are bullish, and will continue to push shares higher barring any sign of weakness in the quarterly report. Analysts have an average price target of $116.42 on the stock.

AXP
About American Express Company

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company operates a highly profitable merchant payment network. Since 2018, the company has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

  • Last Price:
    $114.02
  • Previous Close:
    $113.97
  • Change:
    $0.05 (0.04%)
  • Open:
    $113.76
  • Volume:
    1,834,198
  • Average Volume (100 Day):
    3,864,007
  • Market Capitalization:
    $95.2 B
  • Day's Range:
    $113.42 - $114.36
  • Dividend Yield:
    1.37%
  • 52-week Range:
    $115 - $89.05
  • P-E:
    14.40
  • EPS:
    $7.90
  • Earnings Date:
    7/17/19
  • Ex Dividend Date:
    4/4/19
  • Sector:
    Financial Services
  • Industry:
    Credit Services
  • Analyst Average Recommendation:
    Moderate Buy

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