American Express (AXP) Dips More Than Broader Markets: What You Should Know

American Express (AXP) closed the most recent trading day at $150.06, moving -1.47% from the previous trading session. This change lagged the S&P 500’s daily loss of 1.18%. At the same time, the Dow lost 1.34%, and the tech-heavy Nasdaq lost 0.92%.

Click to get this free report

– Zacks

Heading into today, shares of the credit card issuer and global payments company had lost 12.05% over the past month, lagging the Finance sector’s loss of 4.48% and the S&P 500’s loss of 0.73% in that time.

Wall Street will be looking for positivity from American Express as it approaches its next earnings report date. The company is expected to report EPS of $1.71, down 2.84% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $11.34 billion, up 21.25% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $9.22 per share and revenue of $41.5 billion, which would represent changes of +72.66% and +15%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for American Express. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.33% higher. American Express is currently a Zacks Rank #3 (Hold).

Investors should also note American Express’s current valuation metrics, including its Forward P/E ratio of 16.51. Its industry sports an average Forward P/E of 11.21, so we one might conclude that American Express is trading at a premium comparatively.

Also, we should mention that AXP has a PEG ratio of 0.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Financial – Miscellaneous Services industry currently had an average PEG ratio of 0.84 as of yesterday’s close.

The Financial – Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 34% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow AXP in the coming trading sessions, be sure to utilize Zacks.com.


Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

American Express Company (AXP): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

News Related

OTHER NEWS

SEC chair eyes tougher cyber rules to protect investors against hackers

SEC chairman Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Sept. 14, 2021 in Washington.Evelyn Hockstein-Pool/Getty Images Securities and Exchange Commission chairman Gary Gensler ... Read more »

3 investing lessons from the 1929 stock market crash

Tired or stressed businessman sitting on the walkway in panic digital stock market crash financial background As investors pay close attention to what might happen next in stock markets, I ... Read more »

3 U.S. States, D.C. Sue Google for 'Deceptive' Location Tracking

Texas, Indiana, Washington State and the District of Columbia each filed suit against Google in their respective state courts on Monday, alleging that the company has implemented “dark patterns” and deceptive ... Read more »

12 Ways to Boost Your Confidence in 2022

Confidence is one of the most important qualities to have in life. It impacts you on a personal level, professionally and even socially. While it’s easy to assume confident people ... Read more »

What Colorado's Marshall Fire Taught Me About Building Safe and Healthy Homes

As the Marshall Fire, the most destructive fire in Colorado history, tore through Boulder County last month, those of us who are homebuilders in the area watched anxiously to see ... Read more »

4 Ways to Motivate Your Startup Team and Get Major Results

You’ve got smart, ambitious employees, clear project goals and great perks, but something in your company isn’t quite right. Maybe the startup culture you envisioned is fading, or never really kicked ... Read more »

What's next for the IAG share price in 2022?

Aircraft wind on the sunrise sky background. Might we be reaching the Covid end-game sooner than expected? That should be good news for travel companies like International Consolidated Airlines (LSE: ... Read more »

This Game-Changing Investment App Will Help You Build Long-Term Wealth and Satisfy Your 'Voyeuristic' Desire to See Where Other People Put Their Money

Women are better investors than men, a 2021 Fidelity study found. Yet some estimates suggest that as few as 26% of women have invested in the stock market, a staggering ... Read more »

Here are options if you aren't eligible for Navient's student loan forgiveness settlement

For years, many student loan borrowers have suffered under the weight of excessive debt. Some 66,000 borrowers finally got relief when the recent Navient settlement erased their balances. (Here's how ... Read more »

IMF says UK should consider 'well-targeted' action on energy prices

IMF Chief Economist Gita Gopinath speaks in her office during the Spring Meetings of the World Bank Group and IMF in Washington (Reuters) – Britain should consider more support for ... Read more »

Is DatChat Stock a Buy After it Sent a Letter of Intent to Buy Avila Security?

Communications software company DatChat (DATS) made its stock market debut on Aug. 13, 2021 and has garnered significant investor attention in the wake of a letter of intent it sent ... Read more »

Vajro Secures $8.5 Million In Series A

Vajro, one of the fastest growing automated mobile app builders in the world, has raised $8.5 million in Series A round. Company handle Vajro enables e-commerce store owners and service ... Read more »

General Electric (GE) Q4 Earnings and Revenues Miss Estimates

General Electric (GE) came out with quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.64 per share a ... Read more »

Logitech (LOGI) Tops Q3 Earnings Estimates, Raises Sales View

Logitech LOGI on Monday reported better-than-expected third-quarter fiscal 2022 results. The company’s third-quarter non-GAAP earnings of $1.55 per share surpassed the Zacks Consensus Estimate of $1.31. However, the bottom line ... Read more »

A. O. Smith (AOS) to Report Q4 Earnings: What's in the Cards?

A. O. Smith Corporation AOS is scheduled to report fourth-quarter 2021 results on Jan 27, before market open.The company delivered an earnings surprise of 16.82%, on average, in the trailing ... Read more »

Is ResMed a Buy Under $250?

Currently trading at less than $250, ResMed Inc. (RMD) exhibited solid fundamental performance in its last reported quarter based on its strong sales growth across its product portfolio. So, given ... Read more »

Grab These 3 Real Estate Mutual Funds for Sparkling Returns

Mutual funds are the cheapest and most convenient option for investors looking to park their money in the real estate sector. This category of funds offers solid protection against inflation. ... Read more »

Your Answer to This Crucial Question Will Make or Break Your Business's Growth

Do you want to be the Queen or do you want to be the Bank? In other words, as a business owner, do you want to have control or do ... Read more »

This Is Why Chevron (CVX) is Set for Strong Q4 Earnings

Chevron Corporation CVX is set to release fourth-quarter results before the opening bell on Jan 28. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $3.07 ... Read more »

3 Stocks that Are Thriving in an Inflationary Environment

Inflation is one of the biggest threats facing the economy. One profitable strategy during this period of high inflation is to focus on stocks that have pricing power, as these ... Read more »

Explore These 5 Momentum Stocks Using Driehaus Strategy

Investors who tend to take higher risks can think of investing in momentum stocks to boost their gains. In this respect, the Driehaus strategy can be used to choose the ... Read more »

3M (MMM) Tops Q4 Earnings and Revenue Estimates

3M (MMM) came out with quarterly earnings of $2.31 per share, beating the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $2.38 per share a year ... Read more »

Annuities vs. Mutual Funds: Which One is Best for Retirement?

Deciding how to save for retirement is a tough choice. There are so many different ways to set your money aside and make it grow over the years to have ... Read more »

Is State Street a Buy Under $100?

State Street (STT) reported better-than-expected top- and bottom-line results in its most recent quarter. But the stock plunged in price after the company announced the planned retirement of the CEO ... Read more »

Are tax-free muni bonds right for your portfolio? What to know before investing

Tetra Images If you're looking for a relatively safe, tax-friendly asset, you may be eyeing municipal bonds, known as muni bonds or “munis.” Demand soared in 2021 as investors fled ... Read more »

Airbus staff threaten to strike over pay

Workers at aircraft giant Airbus are voting on whether to go on strike in a pay dispute with bosses. Members of the Unite union working at the company’s factories in ... Read more »

Q&A: What small businesses need to know about the new import rules

Promotional feature from HM Government Since 1 January 2022, businesses who move goods into the UK from the EU, traders and hauliers, have had to follow new rules. Yahoo Finance ... Read more »

EU reimposes $89 million antitrust fine against Telefonica, Portugal Telecom

The logo of Spanish Telecom company Telefonica is seen in Madrid BRUSSELS (Reuters) – EU antitrust regulators on Tuesday reimposed fines worth 79 million euros ($89 million) against Telefonica and ... Read more »

Berkshire Hathaway's annual meeting - Buffett's 'Woodstock for Capitalists' - set to return in person after 2 years virtual

Warren Buffett at Berkshire Hathaway's annual meeting in Los Angeles California. May 1, 2021.Gerard Miller | CNBC Berkshire Hathaway said Tuesday its annual shareholder meeting will be held in person ... Read more »

Soon, Corelle India Will Expand Its Online Presence

Corelle Brands LLC, an instant brands company, is an universal pioneer in the segment of cookware. The company is into manufacturing and marketing kitchenware offerings worldwide. The brand has its ... Read more »

What My Rescue Dog Taught Me About User Experience

“Why is that dog attached to a leash?” These were the first words out of my husband’s (then boyfriend) mouth one sunny June afternoon when I asked him to come ... Read more »

Report: Mega Iceberg Melting Dumps 152 Billion Tons of Water Into Ocean, Could Have 'Devastating' Effects on Environment

If you’ve ever thought about what happens to the water once an iceberg melts, the answer is nothing good. Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2020Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2020 ... Read more »

MarketBeat Podcast: ESG, Why Going Green Can Mean Big Growth

In the last year, a renewed focus on climate change is putting clean energy stocks in focus. This group of stocks includes companies who are committed to doing no harm ... Read more »

YCombinator-backed AppX Acquires Website Builder Platform Superpage

Social media solutions provider AppX has announced that it has acquired super.page, a website building platform, for an undisclosed amount.  pexels AppX had recently raised $ 1.3 Million in a ... Read more »

Floor & Decor (FND) Soars 8.6%: Is Further Upside Left in the Stock?

Floor & Decor (FND) shares rallied 8.6% in the last trading session to close at $105.14. This move can be attributable to notable volume with a higher number of shares ... Read more »

3 Large-Cap Momentum Plays Bucking the Market Correction

You wouldn’t know it by the negative sentiment swirling around the stock market lately, but approximately one-third of S&P 500 constituents are up year-to-date. Unfortunately, this group has been easily ... Read more »

Top 5 S&P 500 Stocks Poised to Beat on Q4 Earnings Next Week

Wall Street has seen a good start to the fourth-quarter 2021 earnings season. Although we are in the initial stages of the reporting cycle, the results are better than expected. ... Read more »

Shiller's Research Is a Money-Maker for the Investment Advice Field

I don’t believe that market timing is a bad idea. I believe that it’s the best idea there is. If Shiller’s Nobel-prize-winning research is legitimate research, irrational exuberance is a ... Read more »

Carvana (CVNA) Soars 16.4%: Is Further Upside Left in the Stock?

Carvana (CVNA) shares rallied 16.4% in the last trading session to close at $157.90. This move can be attributable to notable volume with a higher number of shares being traded ... Read more »

Fox Factory Holding (FOXF) Surges 4.8%: Is This an Indication of Further Gains?

Fox Factory Holding (FOXF) shares rallied 4.8% in the last trading session to close at $133.57. This move can be attributable to notable volume with a higher number of shares ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic