American Express (NYSE:AXP) is scheduled to announce Q3 earnings results on Friday, October 17th, before market open.
Notably, AXP had announced Q2 earnings and revenue that beat the average analyst estimate. Nevertheless, the stock closed the day 2.35% lower at $307.95.
Key risks include cautious consumer spending, softer billed business trends, and macroeconomic uncertainty, especially affecting travel and entertainment segments.
There have been mixed EPS and revenue estimate revisions; consensus remains for growth, but sentiment reflects concerns about muted near-term growth and premium valuation.
Analysts and contributors largely view American Express as a Hold due to rich valuation and lack of a strong revenue growth catalyst, with only modest upside potential projected.