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

Daqo New Energy

26/04/2024 15:08

* Daqo New Energy Corp  DQ.N   DQ  is expected to show a
fall in
quarterly revenue when it reports  results on April 29 for the
period ending March 31 2024
    * The Chongqing-based  company is expected to report a
30.7% decrease in revenue to $491.9 million from $709.83 million
a year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Daqo New Energy Corp is
for
earnings of 56 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"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 $24.00​, above​ its last closing price of $23.56. ​​​

This summary was machine generated April 26 at 14:08 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)