Cathay General Bancorp Just Missed Revenue By 6.6%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]
Cathay General Bancorp (CATY)
Last cathay general bancorp earnings: 4/27 04:30 pm
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US:NASDAQ Investor Relations:
cathaybank.com/cathay-general/home
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Source: Yahoo! Finance
Results look mixed - while revenue fell marginally short of analyst estimates at US$175m, statutory earnings were in line with expectations, at US$0.98 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. View our latest analysis for Cathay General Bancorp Taking into account the latest results, the current consensus, from the six analysts covering Cathay General Bancorp, is for revenues of US$733.6m in 2024. This implies a noticeable 3.3% reduction in Cathay General Bancorp's revenue over the past 12 months. Statutory earnings per share are expected to drop 15% to US$3.86 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$759.2m and earnings per share (
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CATY
News
- Cathay General Bancorp First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Cathay General Bancorp (NASDAQ: CATY) had its price target lowered by analysts at Truist Financial Co. from $40.00 to $38.00. They now have a "hold" rating on the stock.MarketBeat
- Cathay General Bancorp (NASDAQ: CATY) had its price target lowered by analysts at Keefe, Bruyette & Woods from $46.00 to $41.00. They now have a "market perform" rating on the stock.MarketBeat
- Cathay General Bancorp (NASDAQ: CATY) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $44.00 price target on the stock.MarketBeat
- Cathay General Bancorp (NASDAQ:CATY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CATY
Earnings
- 4/22/24 - Miss
CATY
Sec Filings
- 4/22/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- CATY's page on the SEC website