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Longs Supported by Bullish Earnings-Driven Trading History in American Express

By: MT Newswires
Posted: 4/16/2014 6:21:00 AM
Referenced Stocks: AXP

American Express ( AXP ) is due with its Q1 results in today's after-hours, and analysts polled by Capital IQ expect the company to report a profit of $1.30 per share on revenue of $8.36 billion.

AXP favors widening between the sessions in its long-term performance following earnings evenings, adding to its evening trade in next-day action 15 times and reversing between the sessions 10 times in the data we've collected.

Longs will find in AXP a better track record of expanded upside post-earnings moves. Looking deeper into the performance data, AXP has seen an after-hours gain in six of the 25 quarters we've tracked, and in each instance, the stock has added to its gains in next-day action.

In the 19 quarters where the stock saw an earnings-driven after-hours decline, it reversed direction in the following regular session in 10 of those sessions.

On Jan. 16, 2014, AXP dipped 0.3% in after-hours trade after posting Q4 results in line with Street estimates. The stock cut its losses the next day and climbed into the green for a 3.6% advance in the Jan. 17 regular session.

On Oct. 16, 2013, AXP edged up 0.2% in night trade after beating Q3 expectations. The stock jumped even more the next day, closing the Oct. 17 regular session up 5.1%.

On July 17, 2013, AXP dropped 1.6% in evening trade after coming in shy of Street estimates on revenue. The stock slumped deeper in the red the next day, ending the July 18 regular session down 3.6%.

On April 17, 2013, AXP declined 0.6% in night trade after beating on the bottom line but coming in shy on the top line. The stock reversed direction the next day, ending up 1.4%.

On Jan. 17, 2013, AXP dropped 1% in night trade after posting Q4 results in line with estimates. The stock was off 1.5% in the following day's regular session.

On Oct. 17, 2012, AXP dipped 0.4% in evening trade after meeting on Q3 EPS and coming in shy on revenue. The stock moved lower the next day, closing the Oct. 18 regular session off 2.9%.

On July 18, 2012, AXP dropped 1% in night trade after beating Q2 earnings estimates but coming in shy on revenue. The stock headed deeper south the next day, ending the July 19 regular session off 3.5%.

On April 18, 2012, AXP dipped 0.2% in evening trade after reporting a year-over-year improvement in Q1 results. The stock moved deeper in the red the next day, ending the April 19 regular session down 0.8%.

On Jan. 19, 2012, AXP declined 2.2% in after-hours trade after missing revenue expectations but also beating on earnings. It narrowed its downside the next day, closing the Jan. 20 regular session down 1.8%.

On Oct. 19, 2011, the stock eased 0.3% after a Q3 beat. Shares gained 0.1% during the next day's regular session.

On July 20, 2011, AXP slipped 0.6% in night trade after topping Q2 estimates. It reversed direction the next day, ending the July 21 regular session up 0.9%.

On April 20, 2011, the stock fell 2% in evening trading after an earnings beat. Shares recovered to edge up 0.2% the next day.

On Jan. 24, 2011, the stock fell 1.3% in extended-hours trading after the company reported results largely in line with the Street view. Shares fell 2.1% the next day.

On Oct. 21, 2010, AXP declined 1% in after-hours trade after topping Q3 expectations. The stock added to its downside the next day, closing the Oct. 22 regular session down 3%.

On July 22, 2010, AXP slipped 0.9% in after-hours action after beating on earnings and meeting on revenue. The stock reversed direction the following day, closing the July 23 regular session up 3.7%.

On April 22, 2010, the stock gained 1.4% in evening trading after the company reported a sharp rise in income compared to the year-ago quarter. Shares were up 2.7% the next day.

On Jan. 21, 2010, AXP slipped 2% in evening trade despite beating Q4 estimates. The stock headed deeper south the following day, closing the Jan. 22 regular session down 8.4%.

On Oct. 22, 2010, the stock fell 1.2% during, reversing an initial firmer trade that followed an earnings beat. Shares tumbled a wider 5.1% the next day.

On July 23, 2009, AXP declined 4.4% in after-hours trade after reporting a year-over-year decline in earnings and missing revenue expectations. The stock cut its downside in the July 24 regular session, ending up 0.2%.

On April 23, 2009, AXP advanced 7.1% in evening trade after beating earnings expectations and meeting sales estimates. The stock soared the following day, closing the April 24 regular session up 20.6%.

On Jan. 26, 2009, the stock rose 2.1% during extended-hours trading as the firm just missed with Q4 EPS. Shares jumped 9.7% the next day.

On Oct. 20, 2008, AXP advanced 6.3% in after-hours trade after topping earnings expectations. It added to its upside in the Oct. 21 regular session, ending the day up 8.3%.

On July 21, 2008, AXP tumbled 11% in night trade after missing earnings estimates. It cut its downside in the July 22 regular session, ending the day with a 7.1% decline.

On April 24, 2008, AXP gained 3.8% in evening action after beating EPS estimates by three cents. The stock firmed even higher in the April 25 regular session, closing the day with a 5.7% advance.

On Jan. 28, 2008, AXP shed 2.6% in evening trade after meeting earnings expectations. It recorded a sharp reversal in the Jan. 29 regular session, ending the day up 0.8%.