Benzinga | Oct 22, 2021 10:20AM EDT

Cathay General's Earnings: A Preview

Cathay General (NASDAQ:CATY) is set to give its latest quarterly earnings report on Monday, 2021-10-25. Here's what investors need to know before the announcement.

Analysts estimate that Cathay General will likely report an Earnings Per Share (EPS) of $0.91

Cathay General bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 16.87%, which was followed by a 0.22% drop in the share price the next day.

Here's a look at Cathay General's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.83 0.77 0.76 0.61EPS Actual 0.97 0.92 0.89 0.71Price Change % -0.22% 1.84% 1.35% -3.07%

Stock Performance

Shares of Cathay General were trading at $42.62 as of October 21. Over the last 52-week period, shares are up 78.11%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.