American Express Co. (NYSE: AXP) is scheduled to release its first-quarter earnings report before the markets open on Thursday. Consensus estimates are calling for $1.98 in earnings per share (EPS) and $10.45 billion in revenue. The same period of last year reportedly had $1.86 in EPS and $9.72 billion in revenue.
Amex shares had gained a surprising 34% in 2017 and they are on track for a similar gain this year. Gains of that size tend to rob future gains. Amex has a consensus target price of $119.05, with an implied gain of about 6.5% ahead, or closer to 8% if you include its 1.4% dividend yield.
Warren Buffett and Berkshire Hathaway continue to remain the anchor shareholder for Amex. Overall, Amex has performed more or less in line with the broad markets, with its stock up about 17% year to date. In the past 52 weeks, the stock is actually up about 19.5%.
A few analysts issued calls ahead of the report:
:-DZ Bank has a Hold rating.
:-Merrill Lynch has a Neutral rating and a $108 price target.
:-Wells Fargo has a Buy rating with a $125 price target.
:-Atlantic Securities has an Overweight rating.
:-Credit Suisse has a Hold rating.
Shares of Amex were last seen trading at $111.54, in a 52-week range of :-$89.05 to $114.55. The consensus price target is $119.05.