Daqo New Energy Corp expected to post earnings of $4.67 a share - Earnings Preview

Daqo New Energy

01/08/2023 19:35

* Daqo New Energy Corp  DQ.N   DQ  is expected to show a
fall in
quarterly revenue when it reports  results on August 3. 
    * The Chongqing-based  company is expected to report  a
18.9% decrease in revenue to $1.009 billion from $1.24 billion a
year ago, according to the mean estimate from 4 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Daqo New Energy
Corp is
for earnings of $4.67 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 6
"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 $50​, above​ its last closing price of $39.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  4.95        4.95       3.52      Missed  -28.9
 Dec. 31 2023  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
 ​​Mar.        6.81        6.81       6.99      Beat    2.6
 31 2022                                                
 Dec. 31 2021  3.33        3.50       1.90      Missed  -45.7​
 Sep. 30 2021  3.11        3.11       3.80      Beat    22.2
 Jun. 30 2021  3.29        3.29       3.03      Missed  -7.9
 This summary was machine generated August 1 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated