Cathay General Bancorp expected to post earnings of $1.06 a share - Earnings Preview

Cathay General Bancorp

22/01/2024 21:56

* Cathay General Bancorp  CATY.OQ   CATY.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 24
for the period ending December 31 2023
    * The Los Angeles California-based  company is expected to
report
a 7.5% decrease in revenue to $197.951 million from $213.9
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue)
    * ​LSEG's mean analyst estimate for Cathay General Bancorp
is for
earnings of $1.06 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cathay
General
Bancorp is $45.50​, above​ its last closing price of $42.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.11        1.10       1.13      Beat    3.1
 Jun. 30 2023  1.13        1.13       1.28      Beat    13.3
 Mar. 31 2023  1.25        1.25       1.32      Beat    5.4​
 Dec. 31 2022  1.38        1.37       1.33      Missed  -3.2
 ​​Sep.        1.29        1.29       1.35      Beat    4.7
 30 2022                                                
 Jun. 30 2022  1.15        1.17       1.18      Beat    1.1​
 Mar. 31 2022  0.91        0.91       1.03      Beat    12.9
 Dec. 31 2021  0.94        0.92       0.99      Beat    7.1
 This summary was machine generated January 22 at 21:55 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)