Daqo New Energy Corp expected to post earnings of $7.38 a share - Earnings Preview

Daqo New Energy

24/02/2023 19:35

* Daqo New Energy Corp  DQ.N   DQ  is expected to show a
rise in
quarterly revenue when it reports  results on February 28. 
    * The Chongqing-based  company is expected to report  a
149.7% increase in revenue to $987.832 million from $395.55
million 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 $7.38 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 $57.53​, above​ its last closing price of $46.42. ​​​

The company's guidance on October 27 2022 for the period ended
December 31 was for Capital Expenditures of USD250 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  6.81        6.81       6.99      Beat    2.6​
 Dec. 31 2021  3.33        3.50       1.90      Missed  -45.7
 ​​Sep.        3.11        3.11       3.80      Beat    22.2
 30 2021                                                
 Jun. 30 2021  3.29        3.29       3.03      Missed  -7.9​
 Mar. 31 2021  1.18        1.19       1.08      Missed  -9.2
 Dec. 31 2020  1.15        1.15       0.96      Missed  -16.5
 This summary was machine generated February 24 at 19:34 GMT. 
All figures in US dollars  unless otherwise stated