Daqo New Energy Corp expected to post a loss of 31 cents a share - Earnings Preview

Daqo New Energy

28/10/2024 13:08

* Daqo New Energy Corp  DQ.N   DQ  is expected to show a
fall in
quarterly revenue when it reports  results on October 30 for the
period ending September 30 2024
    * The Chongqing-based  company is expected to report a
61.2% decrease in revenue to $187.927 million from $484.84
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Daqo New Energy Corp is
for a
loss of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Daqo New
Energy
Corp is $18.00​, below​ its last closing price of $25.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.57       -0.56      -1.81     Missed  -223.2
 Mar. 31 0001  0.56        0.56       0.24      Missed  -57.1
 Dec. 31 2023              0.84       0.64      Missed  -23.8​
 Sep. 30 2023  1.70        0.94       -0.09     Missed  -109.6
 ​​Jun.        4.62        4.67       1.60      Missed  -65.7
 30 2023                                                
 Jan. 1 0001   4.95        4.95       3.52      Missed  -28.9​
 Jan. 1 0001   7.73        7.38       4.71      Missed  -36.1
 Sep. 30 2022  6.87        6.87       4.18      Missed  -39.2
 This summary was machine generated October 28 at 13:07 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)