American Express reported first quarter earnings that came in higher than expected.
The company’s diluted earnings for the three months ending in March came in at $2.73, beating the Street consensus forecast of $2.44 per share.
Revenues rose +29.5% to $11.74 billion, just ahead of analysts' forecasts of $11.6 billion, as consumer credit spending hit a record in March even as the impact the American Rescue Act as well as child tax credits and enhanced unemployment benefits for U.S. customers subsided.
For the coming year, American Express reaffirmed its forecast for earnings in the range of $9.25 and $9.65 per share, and revenue growth of between 18% and 20%.
The 10-day moving average for AXP crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on AXP as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AXP just turned positive on November 01, 2023. Looking at past instances where AXP's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
AXP moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AXP advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 229 cases where AXP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AXP broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AXP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.419) is normal, around the industry mean (4.139). P/E Ratio (15.528) is within average values for comparable stocks, (25.248). Projected Growth (PEG Ratio) (1.032) is also within normal values, averaging (3.271). AXP has a moderately low Dividend Yield (0.014) as compared to the industry average of (0.048). P/S Ratio (2.100) is also within normal values, averaging (11.655).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a financial conglomerate
A.I.dvisor indicates that over the last year, AXP has been closely correlated with V. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if AXP jumps, then V could also see price increases.