American Express Company (AXP) to Release Quarter 3 Numbers

Friday, October 16, 2020 4:19 PM | Nick Dey

What's Happening with AXP

American Express Company (AXP) is scheduled to report Quarter 3 numbers before the market open on October 23. Analysts forecast earnings of $0.22 per share for the quarter. During the same period last year the company earned $0.24, and the stock is down -15.7% on the year.

Technical Analysis

AXP was recently trading at $104.92 down $33.21 from its 12-month high and $37.92 above its 12-month low. InvestorsObserver gives AXP a 47 long-term technical score and a 45 short-term technical score. The stock has recent support above $94.26 and recent resistance below $108.83. Of the 20 analysts who cover the stock 7 rate it Strong Buy, 1 rate it Buy, 9 rate it Hold, 1 rate it Sell, and 2 rate it Strong Sell, AXP gets an overall score of 50 from InvestorsObserver.

Analysts' Thoughts

AXP has shown annual earnings growth of 9.95% over the last five years, and looking ahead analysts expect the company to grow profits 9.40% per annum the next five years. Last quarter the company posted worse than expected EPS and this quarter the street expects $0.22 EPS. AXP is currently trading at $104.92 with an average price target of $106.04.

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