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What to Watch for in American Express’s Q3 Earnings

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American Express is scheduled to release its third-quarter earnings report on Oct. 23 before the markets open. What can investors expect from American Express's earnings? Should you buy the stock before the earnings report?

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When is American Express’s earnings date?

American Express will likely report its third-quarter results on Oct. 23 during the pre-market trading session. The financial services company has scheduled an earnings conference call on the same day at 8:30 a.m. ET.

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Source: American Express
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In the third quarter, Wall Street analysts expect American Express to post sales of $8.66 billion, which would be 21.2 percent lower than $10.99 billion in sales in the third quarter of 2019. Analysts also expect the company to post an adjusted EPS of $1.33 in the third quarter compared to $2.08 in the same quarter a year ago. In the second quarter, American Express reported an EPS of $0.29 and sales of $7.7 billion.

What is American Express's stock price today?

American Express stock trades on the NYSE under the ticker symbol “AXP.” The stock was down about 0.1 percent at $103.14 in the pre-market trading session on Oct. 21 as of 8:50 a.m. ET. The stock rose 0.7 percent on Oct. 20 and closed at $103.14 with a market capitalization of $83 billion.

American Express stock has fallen by 1.6 percent in the last five days and 11.5 percent in the last year. The stock is trading 25.3 percent below its 52-week high of $138.13 and 53.9 percent above its 52-week low of $67.

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What is American Express's dividend yield?

As of Oct. 20, American Express's dividend yield is 1.67 percent. Right now, the company pays an annual dividend of $1.72 per share. American Express's next quarterly cash dividend payment will be made to stockholders of record on Nov. 10.

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Source: Pixabay
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What is American Express’s stock forecast?

Currently, analysts' stock price forecast for American Express is $106.04, which suggests a 2.8 percent upside. The highest target price of $130 implies a 26 percent upside, while the lowest target price of $85 suggests a 17.6 percent downside. Among the 28 Wall Street analysts tracking American Express, ten recommend a buy, 16 recommend a hold, and two recommend a sell.

Long-term investors should consider holding a position in American Express stock since the company has great prospects. The company's business model is strong enough to endure headwinds amid the COVID-19 pandemic. American Express's long-term future is bright. The company's revenue streams, like interest, loans, and fees, provide a cushion against difficulties in other areas.

American Express's investor relations

American Express has scheduled a third-quarter earnings conference call on Oct. 23 at 8:30 a.m. ET. Investors and analysts can access the webcast of the call on the company’s investor relations website.

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