BUZZ-PREVIEW: American Express advances ahead of Q1 earnings

Reuters04-18

** American Express shares up 1.6% at $221.19 ahead of Q1 results due before the opening bell on Friday

** The global payments company is expected to post Q1 EPS of $2.95 on revenue of $15.79 bln vs yr-ago results of $2.40 per share and $14.28 bln in revenue, per LSEG data

** AXP has met or beaten EPS estimates in 5 of past 8 quarters, with most recent miss in Q4 2023; on revenue side AXP has roughly met or beaten expectations in 6 of past 8 qtrs, with most recent miss also in Q4 2023

** The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 9 "hold" and 4 "sell" or "strong sell" ratings

** Median analyst price target of $225 is up from $219.50 a month ago and $198.31 on Jan 18

** AXP shares up ~18% YTD vs ~0.9% gain in Dow Industrials

and ~6.5% rise in S&P 500 financial sector

** AXP options imply a 5.1% swing for the shares, in either direction, by Fri; over the last eight qtrs, on average, AXP shares moved 4.3%, on the day the co reported results

(Reporting by Chuck Mikolajczak; additional reporting by Saqib Ahmed)

((charles.mikolajczak@tr.com; @ChuckMik;))

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