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

Cathay General Bancorp

24/10/2022 22:58

* Cathay General Bancorp  CATY.OQ  reported quarterly
adjusted
earnings of $1.35​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of $1.29 per share.
    * Revenue rose 20.1% to $197.87 million from a year ago;
analysts
expected $204.97 million. 
    * Cathay General Bancorp's reported EPS for the quarter was
$1.35​.
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Cathay General Bancorp shares had risen by 8.2% this
quarter and
lost 3.2% so far this year.
    * The company reported quarterly net income of $99.04
million.
    * Wall Street's median 12-month price target for Cathay
General
Bancorp is $44.50 
    * 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 Refinitiv data October
24 at 09:58 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.29           1.35           Beat
 Jun. 30 2022      1.17           1.18           Beat
 Mar. 31 2022      0.91           1.03           Beat
 Dec. 31 2021      0.92           0.99           Beat