Cathay General's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Cathay General (NASDAQ:CATY) is set to announce its quarterly earnings on October 21, 2024. Analysts estimate an EPS of $0.95. Investors are keen on not just an earnings beat but also positive future guidance. Historically, guidance has significantly impacted stock prices.
October 18, 2024 | 6:19 pm
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Cathay General is expected to announce its quarterly earnings with an estimated EPS of $0.95. Investors are looking for not just an earnings beat but also positive guidance, which could significantly impact the stock price.
The upcoming earnings announcement is crucial for Cathay General as it could influence short-term stock price movements. While an EPS beat is important, the guidance provided will likely have a more significant impact on investor sentiment and stock price. Historically, guidance has been a key driver of price changes post-earnings.
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