Earnings Preview: Cathay General
Portfolio Pulse from Benzinga Insights
Cathay General (NASDAQ:CATY) is set to release its latest quarterly earnings report on October 23, 2023. Analysts estimate an earnings per share (EPS) of $1.10. The company's past performance shows a pattern of beating EPS estimates, which has sometimes resulted in an increase in share price. However, the stock has been down 20.57% over the last 52-week period.
October 20, 2023 | 3:01 pm
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Cathay General is expected to report an EPS of $1.10 in its upcoming earnings. The company has a history of beating EPS estimates, which could potentially lead to a short-term increase in share price. However, the stock has been down 20.57% over the last year.
Cathay General's upcoming earnings report is highly relevant as it directly impacts the company's stock. The company's history of beating EPS estimates could potentially lead to a short-term increase in share price. However, the overall negative trend of the stock over the past year may dampen investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100