American Express (AXP) Suffers a Larger Drop Than the General Market: Key Insights

Stock Performance - The stock of the credit card issuer and global payments company fell by 1.19% in the past month, underperforming the Finance sector's loss of 4.94% and the S&P 500's loss of 0.36% [1] - American Express (AXP) closed the latest trading day at $297.33, indicating a -1.24% change from the previous session's end, lagging the S&P 500's daily loss of 1.07% [2] Earnings and Revenue Projections - The company is scheduled to release its earnings on January 24, 2025, with projected earnings per share (EPS) of$ 3.02, reflecting a 15.27% increase from the same quarter last year [6] - The latest consensus estimate calls for revenue of $17.19 billion, up 8.82% from the prior-year quarter [6] - For the full year, analysts are expecting earnings of$ 13.41 per share and revenue of $65.97 billion, marking changes of +19.63% and +9.01%, respectively, from last year [8] Valuation Metrics - American Express has a Forward P/E ratio of 22.45, trading at a premium compared to its industry's average Forward P/E of 12.22 [9] - The company's PEG ratio is currently 1.72, higher than the Financial - Miscellaneous Services industry's average PEG ratio of 1.01 [4] Analyst Estimates and Rankings - The Zacks Consensus EPS estimate has shifted 0.1% upward over the past month, and American Express currently holds a Zacks Rank of 3 (Hold) [7] - The Financial - Miscellaneous Services industry holds a Zacks Industry Rank of 61, positioning it in the top 25% of all 250+ industries [12] Industry Context - The Financial - Miscellaneous Services industry is part of the Finance sector, which has seen a loss of 4.94% in the past month [1][12]