Cathay General (CATY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Cathay General (CATY) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on July 22, with a consensus EPS estimate of $1.10 per share, reflecting a year-over-year increase of +13.4% [3]. - Revenues are projected to reach $196 million, which is a 9.8% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 0.44% higher, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Cathay is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.76%, suggesting a bullish outlook on the company's earnings prospects [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [10]. - Cathay currently holds a Zacks Rank of 2, which, combined with the positive Earnings ESP, suggests a high likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Cathay exceeded the expected earnings of $0.95 per share by delivering $0.98, resulting in a surprise of +3.16% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14].