Daqo New Energy Corp expected to post a loss of 56 cents a share - Earnings Preview

Daqo New Energy

23/08/2024 14:25

* Daqo New Energy Corp  DQ.N   DQ  is expected to show a
fall in
quarterly revenue when it reports  results on August 26 for the
period ending January 1 0001
    * The Chongqing-based  company is expected to report a
47.1% decrease in revenue to $337.128 million from $636.72
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Daqo New Energy Corp is
for a
loss of 56 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and 2 "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 $19.30​, above​ its last closing price of $15.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.56        0.56       0.24      Missed  -57.1
 Dec. 31 2024              0.84       0.64      Missed  -23.8
 Sep. 30 2023  1.70        0.94       -0.09     Missed  -109.6
                                                        ​
 Jun. 30 2023  4.62        4.67       1.60      Missed  -65.7
 ​​Mar.        4.95        4.95       3.52      Missed  -28.9
 31 2023                                                
 Dec. 31 2022  7.73        7.38       4.71      Missed  -36.1​
 Sep. 30 2022  6.87        6.87       4.18      Missed  -39.2
 Jun. 30 2022  6.13        6.14       8.18      Beat    33.3
 This summary was machine generated August 23 at 13:25 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)