Cathay General CATY is gearing up to announce its quarterly earnings on Monday, 2024-10-21. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Cathay General will report an earnings per share (EPS) of $0.95.
The announcement from Cathay General is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings History Snapshot
The company's EPS beat by $0.02 in the last quarter, leading to a 0.65% increase in the share price on the following day.
Here's a look at Cathay General's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.94 | 0.98 | 1.06 | 1.10 |
| EPS Actual | 0.96 | 0.98 | 1.25 | 1.13 |
| Price Change % | 1.0% | -5.0% | -2.0% | -1.0% |
Stock Performance
Shares of Cathay General were trading at $46.61 as of October 17. Over the last 52-week period, shares are up 38.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Cathay General visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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