Cathay General Bancorp expected to post earnings of $1.17 a share - Earnings Preview

Cathay General Bancorp

23/07/2022 01:27

* Cathay General Bancorp  CATY.OQ   CATY.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 25. 
    * The Los Angeles California-based  company is expected to
report 
a 14.7% increase in revenue to $184.121 million from $160.58
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 $1.17 per share. For the same quarter last year,
the company reported earnings of 97 cents 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 $44​, above​ its last closing price of $40.91. ​​​
    * 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 2022  0.91        0.91       1.03      Beat    12.9
 Dec. 31 2022  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
 ​​Mar.        0.77        0.77       0.92      Beat    19.1
 31 2021                                                
 Dec. 31 2020  0.76        0.76       0.89      Beat    16.9​
 Sep. 30 2020  0.61        0.61       0.71      Beat    16.9
 Jun. 30 2020  0.54        0.58       0.68      Beat    18.3
 This summary was machine generated July 23 at 00:27 GMT.  All
figures in US dollars  unless otherwise stated