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Compared to Estimates, Cathay (CATY) Q2 Earnings: A Look at Key Metrics
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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.
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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Compared to Estimates, Cathay (CATY) Q2 Earnings: A Look at Key Metrics
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.