American Express share price: what to expect from Q1 results
The credit card company will reveal the results of its Q1 revenue report next week.
When is American Express results date?
American Express will release its Q1 earnings report on April 18.
American Express results preview: What does the company expect?
Though the credit card company’s Q4 2018 profits narrowly missed estimates, the corporation’s revenue increased by 8% compared to the same time in 2017. Chief executive officer(CEO), Stephen J. Squeri, said that American Express’ Q1 revenue would be positive in 2019.
‘While there are mixed signals in the political and economic environment, based on what we see in the business we are starting 2019 from a position of strength,’ said Squeri after the Q4 2018 earnings report.
The card company expects revenue growth in 2019 to range from 8 to 10%. The corporation predicts American Express Q1 earnings to be between $7.85- $8.35. American Express Q1 results could also be influenced by greater revenue growth because of a surge in member card fees in Q4 2018.
‘This was the sixth consecutive quarter with revenue growth of at least 8 percent, and it was driven again by higher card member spending, loans and card fees,’ said Squeri in a press release.
How to trade American Express Q1 results
Many financial experts polled by Reuters say that American Express is a strong stock after better-than-expected Q4 2018 revenue. They also expect that American Express share price will increase over the next year and the stock will outperform expectations. Wall Street estimates American Express Q1 earnings per share to be $8.12, in line with the corporation’s predictions.
Guggenheim analyst, Jeff Cantwell, noted that American Express Q1 profits could improve with its strategic partnerships with Delta Airlines.
‘Given this dynamic and AXP's [American Express] strong brand, we see the company having plenty of ability to sustain high rates of revenue growth. We[Guggenheim] expect this will be underpinned by AXP[American Express] quality partnerships, good investments, and an increasing level of engagement from customers,’ said Cantwell.
American Express Q1 profits could exceed Wall Street expectations
American Express Q1 earnings could survive a mixed Q4 revenue report if its revenue increases as expected. Financial experts hope that American Express Q1 revenue will do as well as they predicted.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets