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American Express (AXP) is set to report Q1 earnings tomorrow before the market opens with a conference call to follow at 8:30am ET.
Current Capital IQ consensus stands at EPS of $1.97 on Revenue of $10.46bln
Analysts are still skeptical that AXP can achieve the high end of its revenue outlook as evident by a Capital IQ consensus near the low end of the 8-10% range (consensus is 8.2% yr/yr). A top-line beat would be necessary for the stock to break to new highs.
Provision expenses were a growing concern in a rising rate environment.
Reports Q4 (Dec) earnings of $1.84 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $1.80; revenues rose 7.9% year/year to $10.47 bln vs the $10.54 bln S&P Capital IQ Consensus.
Shares of AXP have rallied and are pressing up towards all time high resistance at the $114 area (52-week high is $114.55 set on December 3).
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