Cathay General (CATY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business ...

For the last reported quarter, Cathay came out with earnings of $1.10 per share versus the Zacks Consensus Estimate of $1.02 per share, representing a surprise of 7.84%. For the previous quarter, the company was expected to post earnings of $1.10 per share and it actually produced earnings of $1.25 per share, delivering a surprise of 13.64%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. ...

Cathay General Bancorp. (CATY) has announced a new share repurchase program. Under the plan, the board of directors authorized the buyback of $125 million worth of shares. There is no set expiration for the program. Previously, CATY had announced a share repurchase program in May 2022, authorizing the buyback of up to $125 million worth of shares. The company completed this program in February 2023, with the repurchase of 2.9 million shares at an average cost of $43.14. As of May 28, 2024, the company had r ...

FORM 10-Q For the transition period fromto Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ Common stock, $0.01 par value, 72,813,413 shares outstanding as of April 30, 2024. | --- | --- | |-----------|------------------------------------------------------------------ ...

Cathay General Bancorp (NASDAQ:CATY) Q1 2024 Earnings Conference Call April 22, 2024 6:00 PM ET Company Participants Georgia Lo - Investor Relations Chang Liu - President and Chief Executive Officer Heng Chen - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Matthew Clark - Piper Sandler Brandon King - Truist Securities Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Christopher Mcgratty - KBW Operator Good afternoon, ladies and gentlemen, and welcome to th ...

Cathay General (CATY) reported $175.18 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 15.2%. EPS of $1.10 for the same period compares to $1.32 a year ago.The reported revenue represents a surprise of -7.24% over the Zacks Consensus Estimate of $188.85 million. With the consensus EPS estimate being $1.02, the EPS surprise was +7.84%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Cathay General (CATY) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.84%. A quarter ago, it was expected that this holding company for Cathay Bank would post earnings of $1.10 per share when it actually produced earnings of $1.25, delivering a surprise of 13.64%.Over the last four ...

ASSET QUALITY REVIEW FOR IMMEDIATE RELEASE Los Angeles, Calif., April 22, 2024: Cathay General Bancorp (the "Company", "we", "us", or "our") (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2024. The Company reported net income of $71.4 million, or $0.98 per share, for the first quarter of 2024. The first quarter net income included a $9.0 million or $0.09 per diluted share mark-to market loss from equity securities held by ...

In its upcoming report, Cathay General (CATY) is predicted by Wall Street analysts to post quarterly earnings of $1.02 per share, reflecting a decline of 22.7% compared to the same period last year. Revenues are forecasted to be $188.85 million, representing a year-over-year decrease of 8.6%.The consensus EPS estimate for the quarter has been revised 2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates du ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Cathay General (CATY) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 22, 2024, might help the stock move higher if these key numbers are better than expe ...