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?
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.
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.
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.
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.