American Express Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

American Express Company AXP is expected to release financial results for its third quarter, before the opening bell on Oct. 20, 2023.

Analysts expect the company to post quarterly earnings at $2.94 per share, up from year-ago earnings of $2.47 per share. The company’s revenue might come in at $15.37 billion, compared to $13.56 billion in the year-ago period.

American Express shares fell 1.3% to close at $149.62 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Richard Shane maintained a Neutral rating and cut the price target from $192 to $167 on Oct. 17, 2023. This analyst has an accuracy rate of 67%.
• HSBC analyst Saul Martinez initiated coverage on the stock with a Buy rating and a price target of $181 on Oct. 13, 2023. This analyst has an accuracy rate of 65%.
• Citigroup analyst Keith Horowitz maintained a Sell rating and slashed the price target from $148 to $143 on Oct. 6, 2023. This analyst has an accuracy rate of 70%.
• Morgan Stanley analyst Betsy Graseck maintained an Overweight rating and cut the price target from $188 to $185 on Oct. 3, 2023. This analyst has an accuracy rate of 62%.
• Piper Sandler analyst Kevin Barker maintained an Underweight rating and raised the price target from $149 to $150 on Sept. 29, 2023. This analyst has an accuracy rate of 75%.

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