Daqo New Energy Corp expected to post earnings of 94  cents a share - Earnings Preview

Daqo New Energy

27/10/2023 19:34

* Daqo New Energy Corp  DQ.N   DQ  is expected to show a
fall in
quarterly revenue when it reports  results on October 30. 
    * The Chongqing-based  company is expected to report  a
44.9% decrease in revenue to $672.3 million from $1.22 billion a
year ago, according to the estimate from one analyst, based on
Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Daqo New Energy
Corp is
for earnings of 94 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "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 $42.5​, above​ its last closing price of $23.57. ​​​

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 2023  4.62        4.67       1.60      Missed  -65.7
 Mar. 31 2023  4.95        4.95       3.52      Missed  -28.9
 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.        6.13        6.14       8.18      Beat    33.3
 30 2022                                                
 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
 This summary was machine generated October 27 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated