American Express Company (NYSE: AXP) got
the ball rolling on October 19 for credit card issuers' reporting season with a forecast-beating performance.
The company also raised its bottom line forecasts for the year, sending shares up by over 9 percent in the next session.
However, analysts took the results with a pinch of salt and instead expressed uneasiness over its lowest quarterly revenues in over
five years due to the loss of Costco Wholesale Corporation (NASDAQ: COST).
Are the good tidings from AmEx a pointer towards the health of the rest of the credit card companies?
Related Link: Visa Shares Weak Despite Strong
Results
When They Report?
-
Mastercard Inc (NYSE: MA) – Before the
market open on Friday, October 28
-
Capital One Financial Corp. (NYSE: COF) –
After the close on Tuesday, October 25
-
Discover Financial Services (NYSE: DFS) –
Tuesday, October 25
What Do Analysts Expect
- Mastercard's earnings per share are likely to have increased 6.6 percent to $0.97, with revenues estimated to be up 8.5
percent at $2.75 billion.
- Meanwhile, Capital One Financial's bottomline is expected at $1.95 per share, down 1.51 percent from $1.95 per share. This is
despite revenues estimated to have risen 8.8 percent to $6.42 billion.
- Analysts, on average, expect Discover Financial to post 7.2 percent EPS growth to $1.48 but a slower revenue growth of 3.8
percent to $2.24 billion.
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