American Express (AXP) ended the latest trading session at $276.52, up +0.13% from the previous day's closing price. The move lagged the S&P 500's daily gain of 0.77%. At the same time, the Dow gained 0.47% and the tech-heavy Nasdaq gained 0.87%.

Shares of the credit card issuer and global payments company have risen 6.63% over the past month, leading the financial sector with a loss of 2.93% and the S&P 500's gain of 4.87%.

Analysts and investors will be keeping a close eye on American Express's performance in its upcoming earnings release. The company's earnings report is scheduled to be released on October 18, 2024. The company is expected to report earnings per share of $3.27, down 0.91% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.65 billion, up 8.24% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $13.14 per share and revenue of $65.98 billion, representing changes of +17.22% and +9.03%, respectively, from the prior year corresponds.

Investors should also note recent analyst estimate revisions for American Express. These revisions help demonstrate the ever-changing nature of near-term business trends. As a result, optimistic estimate changes suggest analysts have a positive outlook on the company's business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we have developed the Zacks Rank, a quantitative model that takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable, outside-audited track record of success, with #1 stocks generating an average annual return of + 25% achieved. The Zacks Consensus EPS estimate has moved 0.11% higher over the past month. American Express currently has a Zacks Rank of #3 (Hold).

From a valuation perspective, American Express is currently trading at a forward P/E ratio of 21.02. This represents a premium compared to its industry's average Forward P/E of 12.26.

It's also worth noting that AXP currently has a PEG ratio of 1.53. This popular metric is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company's expected earnings growth rate. The AXP industry had an average PEG ratio of 1.15 as of yesterday's close.

The story continues

The “Financial Services – Other Services” industry is part of the financial sector. Its current Zacks Industry Rank of 155 places this industry in the bottom 39% of all industries with over 250 industries.

The Zacks Industry Rank evaluates the strength of our individual industry groups by determining the average Zacks Rank of the individual stocks that make up the groups. Our research shows that the top rated 50% of industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep an eye on all of these stock moving metrics and others in the coming trading sessions.

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