American Express Company (NYSE:AXP) credit payment card products provider, is reporting third quarter earnings results on Friday 23rd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.33 per share.
For the full year, analysts predict revenues of $ 36272.00 million, while looking forward to income of $ 3.48 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 47,040.00 million ~ $ 47,912.00 million, where as bottomline are predicted in a range of $ 8.85 ~ $ 9.25 per share
Click Here For More Historical Outlooks Of American Express Company
Previous Quarter Performance
American Express Company posted income for the second quarter of $ 0.29 per share, from the revenue of $ 7,675.00 million. The quarterly earnings decreased 85.99 percent while revenues contracted 29.18 percent compared with the same quarter last year.
According to street consensus, AXP was expected to report 2Q20 loss of $ 0.11 per share from revenue of $ 8154.52 million. The bottom line results beat street analysts by $ 0.4 or 363.64 percent, at the same time, top line results fell short of analysts by $ 479.52 million or 5.88 percent.
Stock Performance
Shares of American Express Company traded up $ 3.38 or 3.33 percent on Thursday, reaching $ 104.81 with volume of 3.21 million shares. American Express Company has traded high as $ 104.86 and has cracked $ 101.50 on the downward trend
The closing price of $ 104.81, representing a 51.39 % increase from the 52 week low of $ 67.00 and a 26.57 % decrease over the 52 week high of $ 138.13.
The company has a market capital of $ 84.39 billion and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 9th October 2020, downgraded by Susquehanna Bancshares to Neutral from Positive rating.
- On 5th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 115.00 target price.
- On 23rd September 2020, downgraded by Bank of America to Underperform from Neutral rating, with $ 95.00 target price.
- On 16th September 2020, maintained by Bank of America at Neutral rating, with $ 106.00 target price.
Conference Call
American Express Company will be hosting a conference call at 8:30 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.americanexpress.com
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. The companys products and services include charge and credit card products, as well as other payment and financing products; network services; expense management products and services; travel-related services; and prepaid products.
