Cathay General Bancorp reports results for the quarter ended in March - Earnings Summary

Cathay General Bancorp

25/04/2022 23:38

* Cathay General Bancorp  CATY.OQ  reported quarterly
adjusted
earnings of $1.03​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 91 cents per share.
    * Revenue rose 18.2% to $179.42 million from a year ago; 
analysts
expected $169.82 million. 
    * Cathay General Bancorp's reported EPS for the quarter was
99
cents​.
    * The mean earnings estimate of analysts had risen by
about 7.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Cathay General Bancorp shares had fallen by 3.2% this
quarter and gained 0.7% so far this year.
    * The company reported quarterly net income of $75.03
million.
    * Wall Street's median 12-month price target for Cathay
General
Bancorp is $51.00 
    * 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." 

This summary was machine generated April 25 at 10:38 p.m.  ​All
figures in US dollars unless otherwise stated