An Overview of Cathay General's Earnings

Cathay General (NASDAQ:CATY) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect 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.

Overview of Past Earnings

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%

Stock Performance

Shares of Cathay General were trading at $46.61 as of October 17. Over the last 52-week period, shares are up 38.67%. 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.