Cathay General Bancorp expected to post earnings of $1.13 a share - Earnings Preview

Cathay General Bancorp

22/07/2023 02:55

* Cathay General Bancorp  CATY.OQ   CATY.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 24. 
    * The Los Angeles California-based  company is expected to
report 
a 3.5% increase in revenue to $196.373 million from $189.78
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cathay General
Bancorp is
for earnings of $1.13 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "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 $34.5​, below​ its last closing price of $35.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.25        1.25       1.32      Beat    5.4
 Dec. 31 2023  1.38        1.37       1.33      Missed  -3.2
 Sep. 30 2022  1.29        1.29       1.35      Beat    4.7​
 Jun. 30 2022  1.15        1.17       1.18      Beat    1.1
 ​​Mar.        0.91        0.91       1.03      Beat    12.9
 31 2022                                                
 Dec. 31 2021  0.94        0.92       0.99      Beat    7.1​
 Sep. 30 2021  0.91        0.91       0.93      Beat    2.7
 Jun. 30 2021  0.88        0.83       0.97      Beat    16.9
 This summary was machine generated July 22 at 01:55 GMT.  All
figures in US dollars  unless otherwise stated