Cathay General Bancorp expected to post earnings of 83 cents a share - Earnings Preview

Cathay General Bancorp

23/07/2021 21:53

* Cathay General Bancorp  CATY.OQ   CATY.O  is expected to show
a rise in quarterly revenue when it reports results on July 26. 
* The Los Angeles, California-based company is expected to
report   a 3.8% increase in revenue to $155.78 million from
$150.08 million a year ago, according to the mean estimate from
5 analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Cathay General Bancorp
is for earnings of 83 cents per share. For the same quarter last
year, the company reported earnings of 68 cents 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 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 $43​, about 14.9% above​ its last closing price
of $36.58. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.77        0.77       0.92      Beat    19.1
 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
 Mar.          0.67​       0.67       0.59      Missed  -11.9​
 31​ 2020​                                              
 Dec. 31 2019  0.83        0.83       0.84      Beat    1.2​
 Sep. 30 2019  0.88        0.88       0.91      Beat    2.9
 Jun. 30 2019  0.87        0.87       0.90      Beat    3.2
 This summary was machine generated July 23 at 20:53 GMT.  All
figures in US dollars unless otherwise stated