From Nasdaq:

American Express Company AXP is set to report Q4 2023 results on Jan 26. The Zacks Consensus Estimate for Q4 earnings per share is $2.65, suggesting a 28% increase from the previous year. Fourth-quarter revenues are estimated to be $16 billion, a 13.1% jump from the year-ago reported figure. AXP has beaten the consensus estimate for earnings in two of the trailing four quarters and missed twice, with an average surprise of 0.1%.

In the last quarter, AXP’s adjusted earnings per share of $3.30 beat the Zacks Consensus Estimate by 11.5%, despite increased compensation costs and higher operating and customer engagement costs. The company experienced strengthened network volumes in the last few quarters.

In the fourth quarter, American Express is expected to have seen strengthened network volumes and supported by a resilient consumer spending level.

Earnings are uncertain due to increased expenses and business development costs.

American Express currently carries a Zacks Rank #2, and the company has an Earnings ESP of -0.86%. This is because the Most Accurate Estimate is $2.63 per share, lower than the Zacks Consensus Estimate of $2.65.

Other finance companies to consider with the right elements for an earnings beat are Coinbase Global, Inc. with an Earnings ESP of +160.61%, Chubb Limited with an Earnings ESP of +0.60%, and Brookfield Asset Management Ltd. with an Earnings ESP of +0.69%.



Read more: Will Higher Costs Affect American Express’ (AXP) Q4 Earnings?