Cathay Financial Holding Third Quarter 2024 Earnings: Misses Expectations

Cathay Financial Holding (TWSE:2882) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$224.5b (up 140% from 3Q 2023).
• Net income: NT$31.1b (up 16% from 3Q 2023).
• Profit margin: 14% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$2.12 (up from NT$1.82 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cathay Financial Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 7.0%.

Looking ahead, revenue is forecast to decline by 39% p.a. on average during the next 3 years, while revenues in the Insurance industry in Asia are expected to remain flat.

Performance of the market in Taiwan.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Cathay Financial Holding is showing 1 warning sign in our investment analysis that you should know about...

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