{"id":38147,"date":"2023-07-20T09:29:12","date_gmt":"2023-07-20T13:29:12","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/american-express-stock-to-top-the-consensus-in-q2\/"},"modified":"2023-07-20T09:29:14","modified_gmt":"2023-07-20T13:29:14","slug":"american-express-stock-to-top-the-consensus-in-q2","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38147","title":{"rendered":"American Express Stock To Top The Consensus In Q2"},"content":{"rendered":"<div>\n<p>American Express (NYSE: AXP) is scheduled to report its fiscal Q2 2023 results on Friday, July 21, 2023. We expect American Express to top the consensus estimates of both revenues and earnings. The credit card giant reported mixed results in the last quarter, with revenues beating expectations but earnings missing the mark. It reported net revenues of $14.28 billion \u2013 up 22% y-o-y. The revenue growth was driven by improvement in both interest-driven and non-interest income. While the net interest income benefited from higher interest rates and loan growth, the non-interest revenues were up due to an increase in billed business, premium cards portfolio, and foreign exchange-related income. We expect the same trend to continue in the second quarter.American Express Stock To Top The Consensus In Q2<\/p>\n<p>Our forecast indicates that <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/AXP\/no-login-required\/HfyGnhoU\/American-Express-AXP-Valuation-Is-AXP-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230720\">American Express\u2019 valuation<\/strong><strong> <\/strong>is $182 per share, which is 2% above the current market price of close to $178. Our interactive dashboard analysis on <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/AXP\/no-login-required\/kATo6Yuu\/American-Express-Company-AXP-Earnings-Preview-AXP-Stock-Likely-To-Trade-Higher-Due-To-Strong-FY-2023Q2-Results-With-Revenues-And-Earnings-Beating-Expectations?fromforbesandarticle=trefis230720\">American Express\u2019 Earnings Preview<\/strong> has more details.<strong> <\/strong><\/p>\n<p><strong>(1) Revenues to beat the consensus estimates<\/strong><\/p>\n<p><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/AXP\/no-login-required\/jbkJhxPE\/American-Express-Revenues-How-Does-AXP-Make-Money-?fromforbesandarticle=trefis230720\">American Express revenues<\/strong> grew 25% y-o-y to $52.86 billion in FY 2022. Further, the same momentum continued in the first quarter of 2023.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<ul>\n<li>Non-interest revenues increased 18% y-o-y in Q1. Further, the total billed business improved by 15% over the same period. We expect the Q2 results to follow the same trend.<\/li>\n<li>The NII increased 36% y-o-y in Q1. It was due to higher net interest rate margins and higher average card member loan balances. We expect the same trend to continue in Q2.<\/li>\n<li>Overall, we forecast American Express\u2019s revenues to touch $60.5 billion in FY2023.<\/li>\n<\/ul>\n<p>Trefis estimates American Express\u2019s fiscal Q2 2023 revenues to be around $15.93 billion, 3% more than the $15.48 billion consensus estimate.<\/p>\n<p><strong>(2) EPS is likely to top the consensus estimates<\/strong><\/p>\n<p>American Express Q2 2023 adjusted earnings per share is expected to be $2.86 per Trefis analysis, almost 2% above the consensus estimate of $2.81. The adjusted net income decreased 7% y-o-y to $7.5 billion in FY 2022, despite growth in the top line. It was mainly due to an unfavorable increase in the provisions for credit losses from -$1.4 billion to $2.2 billion. We expect the net income margin to see some improvement in Q2. Overall, American Express is likely to report an annual GAAP EPS of $11.08 in FY2023.<strong> <\/strong><\/p>\n<p><strong>(3) Stock price estimate is 2% higher than the current market price<\/strong><\/p>\n<p>We arrive at <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/AXP\/no-login-required\/HfyGnhoU\/American-Express-AXP-Valuation-Is-AXP-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230720\">American Express\u2019 valuation<\/strong>, using an EPS estimate of around $11.08 and a P\/E multiple of just above 16x in fiscal 2023. This translates into a price of $182, which is 2% above the current market price of around $178.<\/p>\n<p><em>Note: P\/E Multiples are based on Share Price at the end of the year and reported (or expected) Adjusted Earnings for the full year<\/em><\/p>\n<p>What if you\u2019re looking for a portfolio that aims for long-term growth? Here\u2019s a <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/wx9hwxU6\/Value-Portfolio-with-407-Return-Since-2016-vs-100-for-S-P-500?fromforbesandarticle=trefis230720\">value portfolio<\/strong> that\u2019s done much better than the market since 2016.<\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/portfolios\">Market Beating Portfolios<\/strong><\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/07\/20\/american-express-stock-to-top-the-consensus-in-q2\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Express (NYSE: AXP) is scheduled to report its fiscal Q2 2023 results on Friday, July 21, 2023. We expect American Express to top the consensus estimates of both revenues and earnings. The credit card giant reported mixed results in the last quarter, with revenues beating expectations but earnings missing the mark. It reported net [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-38147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>American Express Stock To Top The Consensus In Q2 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"American Express (NYSE: AXP) is scheduled to report its fiscal Q2 2023 results on Friday, July 21, 2023. We expect American Express to top the consensus\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=38147\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Express Stock To Top The Consensus In Q2 | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"American Express (NYSE: AXP) is scheduled to report its fiscal Q2 2023 results on Friday, July 21, 2023. We expect American Express to top the consensus\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=38147\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-20T13:29:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-20T13:29:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1689859752_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"708\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=38147#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=38147\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"American Express Stock To Top The Consensus In Q2\",\"datePublished\":\"2023-07-20T13:29:12+00:00\",\"dateModified\":\"2023-07-20T13:29:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=38147\"},\"wordCount\":487,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=38147#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=38147\",\"url\":\"https:\/\/ifintechworld.com\/?p=38147\",\"name\":\"American Express Stock To Top The Consensus In Q2 | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-20T13:29:12+00:00\",\"dateModified\":\"2023-07-20T13:29:14+00:00\",\"description\":\"American Express (NYSE: AXP) is scheduled to report its fiscal Q2 2023 results on Friday, July 21, 2023. We expect American Express to top the consensus\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=38147#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=38147\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=38147#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"American Express Stock To Top The Consensus In Q2\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"American Express Stock To Top The Consensus In Q2 | iFintechWorld","description":"American Express (NYSE: AXP) is scheduled to report its fiscal Q2 2023 results on Friday, July 21, 2023. We expect American Express to top the consensus","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=38147","og_locale":"en_US","og_type":"article","og_title":"American Express Stock To Top The Consensus In Q2 | iFintechWorld","og_description":"American Express (NYSE: AXP) is scheduled to report its fiscal Q2 2023 results on Friday, July 21, 2023. We expect American Express to top the consensus","og_url":"https:\/\/ifintechworld.com\/?p=38147","og_site_name":"iFintechWorld","article_published_time":"2023-07-20T13:29:12+00:00","article_modified_time":"2023-07-20T13:29:14+00:00","og_image":[{"width":1200,"height":708,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1689859752_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=38147#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=38147"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"American Express Stock To Top The Consensus In Q2","datePublished":"2023-07-20T13:29:12+00:00","dateModified":"2023-07-20T13:29:14+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=38147"},"wordCount":487,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=38147#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=38147","url":"https:\/\/ifintechworld.com\/?p=38147","name":"American Express Stock To Top The Consensus In Q2 | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-20T13:29:12+00:00","dateModified":"2023-07-20T13:29:14+00:00","description":"American Express (NYSE: AXP) is scheduled to report its fiscal Q2 2023 results on Friday, July 21, 2023. We expect American Express to top the consensus","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=38147#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=38147"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=38147#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"American Express Stock To Top The Consensus In Q2"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/38147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38147"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/38147\/revisions"}],"predecessor-version":[{"id":38149,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/38147\/revisions\/38149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/38148"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}