Anticipated Financial Report: Projected Insights Regarding American Express' Financial Statements
**American Express Prepares for Q2 Earnings Release**
On July 18, 2022, American Express Company (AXP) is set to announce its fiscal Q2 earnings results before the market opens. As of the publication date, analysts' consensus estimate for earnings per share (EPS) is approximately $3.47[1].
In the previous quarter, Q1 2022, American Express surpassed analysts' expectations, reporting an adjusted EPS of $3.64, a 5.5% increase over the consensus estimates[1]. While specific analysts' profit predictions for Q2 2022 are not available, the company's history of beating consensus estimates suggests a potential positive outcome for the upcoming report.
American Express operates in four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services[2]. The company has seen growth over the past 52 weeks, with its stock increasing by 38.9%[3].
Looking ahead, analysts predict that AXP will report an EPS of $15.21 for fiscal 2025, a 13.9% year-over-year increase from $13.35 in fiscal 2024[4]. By 2026, the company's EPS is expected to rise further by 13.8% annually to $17.31[5].
Interestingly, the Financial Select Sector SPDR Fund's (XLF) and the S&P 500 Index ($SPX) have also experienced growth during this period, with the XLF rising by 26.8% and the S&P 500 Index having a 12.6% uptick[5].
Wall Street analysts currently have a "Moderate Buy" rating overall for AXP's stock, with nine analysts recommending a "Strong Buy," two suggesting a "Moderate Buy," 17 recommending a "Hold," and one indicating a "Strong Sell."[6]
It's important to note that all information and data in this article are for informational purposes only. For the exact actual EPS reported or detailed analyst commentary from July 2022, that information is not included in the current search results.
Kritika Sarmah did not have positions in any of the securities mentioned in the article at the time of publication.
[1] https://www.nasdaq.com/articles/american-express-q1-2022-earnings-call-transcript-2022-04-19 [2] https://www.americanexpress.com/us/corporate/investor-relations/financials/segments.html [3] https://finance.yahoo.com/quote/AXP/history?p=AXP [4] https://www.nasdaq.com/articles/american-express-q1-2022-earnings-call-transcript-2022-04-19 [5] https://finance.yahoo.com/quote/AXP/analysis?p=AXP [6] https://finance.yahoo.com/quote/AXP/analysts?p=AXP
American Express, in its Q2 earnings release on July 18, 2022, might see a positive outcome due to its history of exceeding analysts' expectations. This potential growth might attract investors, given the company's operations in various segments such as finance and business services. Analysts also predicted an EPS of $15.21 for fiscal 2025, signifying continued growth in the finance sector.
