Stock Analysis
Cathay Financial Holding Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Cathay Financial Holding (TWSE:2882) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$202.1b (up 34% from 2Q 2023).
- Net income: NT$33.7b (up 52% from 2Q 2023).
- Profit margin: 17% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$2.06 (up from NT$1.51 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cathay Financial Holding EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 35%. Earnings per share (EPS) exceeded analyst estimates by 44%.
Looking ahead, revenue is expected to decline by 36% p.a. on average during the next 3 years, while revenues in the Insurance industry in Asia are expected to grow by 1.6%.
Performance of the market in Taiwan.
The company's shares are down 2.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Cathay Financial Holding that you need to take into consideration.
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About TWSE:2882
Cathay Financial Holding
Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.