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

Cathay General Bancorp

20/04/2023 22:02

* Cathay General Bancorp  CATY.OQ  reported quarterly
adjusted
earnings of $1.32​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of $1.25 per share.
    * Revenue rose 15.2% to $206.68 million from a year ago;
analysts
expected $207.47 million. 
    * Cathay General Bancorp's reported EPS for the quarter was
$1.32​.
    * The mean earnings estimate of analysts had fallen by
about 7.7%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Cathay General Bancorp shares had fallen by 2.9% this
quarter and lost 17.8% so far this year.
    * The company reported quarterly net income of $96.01
million.
    * Wall Street's median 12-month price target for Cathay
General
Bancorp is $39.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 20 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.25           1.32           Beat
 Dec. 31 2022      1.37           1.33           Missed
 Sep. 30 2022      1.29           1.35           Beat
 Jun. 30 2022      1.17           1.18           Beat