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Cathay General (CATY) Tops Q4 Earnings and Revenue Estimates
CATYCathay General Bancorp(CATY) ZACKS·2025-01-22 23:46

Group 1 - Cathay General (CATY) reported quarterly earnings of 1.12pershare,exceedingtheZacksConsensusEstimateof1.12 per share, exceeding the Zacks Consensus Estimate of 1.11 per share, but down from 1.25pershareayearago,representinganearningssurpriseof0.901.25 per share a year ago, representing an earnings surprise of 0.90% [1] - The company posted revenues of 186.49 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.80%, but down from 205.24millionyear−over−year[2]−Overthelastfourquarters,CathayhassurpassedconsensusEPSestimatesthreetimesandtoppedconsensusrevenueestimatestwotimes[2]Group2−Thestock′simmediatepricemovementwilldependonmanagement′scommentaryduringtheearningscallandthesustainabilityofearningsexpectations[3][4]−Cathayshareshaveincreasedbyapproximately2.4205.24 million year-over-year [2] - Over the last four quarters, Cathay has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Cathay shares have increased by approximately 2.4% since the beginning of the year, compared to a 2.9% gain in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is 0.94 on 180millioninrevenues,andforthecurrentfiscalyear,itis180 million in revenues, and for the current fiscal year, it is 4.16 on $731 million in revenues [7] Group 3 - The Zacks Industry Rank indicates that the Banks - West industry is currently in the top 37% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for Cathay is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]