Cathay General (CATY - Free Report) reported $204.64 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 7.8%. EPS of $1.28 for the same period compares to $1.18 a year ago.
The reported revenue represents a surprise of +4.25% over the Zacks Consensus Estimate of $196.3 million. With the consensus EPS estimate being $1.17, the EPS surprise was +9.40%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cathay performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 45.36% compared to the 43.71% average estimate based on three analysts.
- Net Interest Margin: 3.44% versus the three-analyst average estimate of 3.55%.
- Average balance - Total interest-earning assets: $21.17 billion versus $20.97 billion estimated by three analysts on average.
- Total Non-Interest Income: $23.11 million compared to the $12 million average estimate based on three analysts.
- Net interest income before provision for loan losses: $181.53 million versus $185.15 million estimated by three analysts on average.
View all Key Company Metrics for Cathay here>>>Shares of Cathay have returned +13.2% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Cathay General (CATY - Free Report) reported $204.64 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 7.8%. EPS of $1.28 for the same period compares to $1.18 a year ago.
The reported revenue represents a surprise of +4.25% over the Zacks Consensus Estimate of $196.3 million. With the consensus EPS estimate being $1.17, the EPS surprise was +9.40%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cathay performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 45.36% compared to the 43.71% average estimate based on three analysts.
- Net Interest Margin: 3.44% versus the three-analyst average estimate of 3.55%.
- Average balance - Total interest-earning assets: $21.17 billion versus $20.97 billion estimated by three analysts on average.
- Total Non-Interest Income: $23.11 million compared to the $12 million average estimate based on three analysts.
- Net interest income before provision for loan losses: $181.53 million versus $185.15 million estimated by three analysts on average.
View all Key Company Metrics for Cathay here>>>Shares of Cathay have returned +13.2% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on CATY - FREE