Cathay General Bancorp reports results for the quarter ended December 31 - Earnings Summary

• Cathay General Bancorp CATY.OQ reported quarterly adjusted earnings of $1.12​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.13. The mean expectation of five analysts for the quarter was for earnings of $1.10 per share. Wall Street expected results to range from $1.06 to $1.17 per share.

• Revenue fell 9.1% to $186.49 million from a year ago; analysts expected $184.95 million.

• Cathay General Bancorp's reported EPS for the quarter was $1.12​.

• The company reported quarterly net income of $80.2 million.

• Cathay General Bancorp shares had risen by 2.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Cathay General Bancorp is $55.00

This summary was machine generated from LSEG data January 22 at 10:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)