What To expect before AXP earnings announcement?

9 October 2024, 10:14 AM

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By Dmitry Pargamanik

AXP Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, AXP stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.5% Gains
AXP is scheduled to report earnings on 18-Oct-2024. The last time American Express Company reported earnings on Jul 19, 2024, the stock dropped by -2.7% to close at $241.75. At its current price of $269.67, AXP post earnings drift is +11.6%. Typically, traders tended to bid up AXP shares (heading into earnings) prior to its scheduled release.

AXP Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves AXP had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 2.5%. That was actually a better bullish play than holding AXP through earnings that saw a 1.9% gain.

AXP historical stock price movement before earnings

Go to AXP Historical Price Movements Around Earnings page



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