Market Overview

Cathay General Bancorp's Earnings Preview

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On Tuesday, Cathay General Bancorp (NASDAQ: CATY) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Based on Cathay General Bancorp management projections, analysts predict EPS of 63 cents per share on revenue of $139.2 million.

In the same quarter last year, Cathay General Bancorp reported EPS of 60 cents per share on revenue of $117.6 million. If the company were to match the current consensus estimate, earnings would be up 5 percent. Revenue would be up 18.15 percent from the same quarter last year.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q3 2017 Q2 2017 Q1 2017
EPS Estimate 0.59 0.62 0.6
EPS Actual 0.61 0.64 0.61

 

Q4 EPS Estimate: 63 cents per share
Q4 Revenues Estimate: $139 million

Stock Performance

Shares of Cathay General Bancorp were trading around $43.45. Over the last 52-week period, shares are up 18.12 percent. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts generally rate Cathay General Bancorp stock as Sell. The strength of this rating has dwindled over the past three months.

Conference Call

Cathay General Bancorp's Q4 is scheduled to hold a conference call after the close and it can be accessed here: https://www.cathaybank.com/cathay-general/webcasts

 

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