Earnings Outlook For Cathay General

Cathay General CATY is set to give its latest quarterly earnings report on Monday, 2023-07-24. Here's what investors need to know before the announcement.

Analysts estimate that Cathay General will report an earnings per share (EPS) of $1.13.

Cathay General bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.07, which was followed by a 0.51% drop in the share price the next day.

Here's a look at Cathay General's past performance and the resulting price change:

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 1.25 1.37 1.28 1.17
EPS Actual 1.32 1.33 1.35 1.18
Price Change % -0.51% -2.1% 5.02% -2.6%

eps graph

Stock Performance

Shares of Cathay General were trading at $35.84 as of July 20. Over the last 52-week period, shares are down 13.95%. Given that these returns are generally negative, long-term shareholders are likely bearish 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.

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Posted In: EarningsBZI-EP
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