Daqo New Energy Corp expected to post earnings of $6.87 a share - Earnings Preview

Daqo New Energy

25/10/2022 19:37

* Daqo New Energy Corp  DQ.N   DQ  is expected to show a
rise in
quarterly revenue when it reports  results on October 27. 
    * The Chongqing-based  company is expected to report  a
99.5% increase in revenue to $1.169 billion from $585.78 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Daqo New Energy
Corp is
for earnings of $6.87 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 $78​, above​ its last closing price of $45.14. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  6.13        6.14       8.18      Beat    33.3
 Mar. 31 2022  6.81        6.81       6.99      Beat    2.6
 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.        3.29        3.29       3.03      Missed  -7.9
 30 2021                                                
 Mar. 31 2021  1.18        1.19       1.08      Missed  -9.2​
 Dec. 31 2020  1.15        1.15       0.96      Missed  -16.5
 Sep. 30 2020  0.32        0.32       0.27      Missed  -16.1
 This summary was machine generated October 25 at 18:37 GMT.  All
figures in US dollars  unless otherwise stated