Exploring Cathay General's Earnings Expectations

Benzinga · 10/18 15:01

Cathay General (NASDAQ:CATY) will release its quarterly earnings report on Monday, 2024-10-21. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Cathay General to report an earnings per share (EPS) of $0.95.

Anticipation surrounds Cathay General's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

During the last quarter, the company reported an EPS beat by $0.02, leading to a 0.65% increase in the share price on the subsequent 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%

eps graph

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.