American Express share price: what to expect from Q1 results

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.