American Express Co to Unveil Q2 Earnings: Analysts Expect EPS Growth

American Express Co AXP is set to reveal its second-quarter earnings report on Friday. Analysts anticipate earnings per share of $3.25 and revenues of $16.6 billion. Currently, the stock has shown strong performance, with a 42.52% increase over the past year and a 33.43% growth year-to-date.

Key factors expected to impact American Express stock include several catalysts such as revenue and earnings growth, new card acquisitions, and customer engagement trends among younger generations. Additionally, the company’s digital transformation efforts and initiatives like digital payment solutions will be under scrutiny.

Despite a bullish trend in the stock price, technical indicators suggest that American Express may be overbought, as indicated by an RSI of 75.88. Analyst consensus remains bullish on the stock, with a “Buy” rating and a price target of $216.03. However, recent ratings from Compass Point, Jefferies, and Barclays hint at a potential -4.40% downside for the stock. At the time of publication, American Express stock was trading at $250.34.