Daqo New Energy Corp reports results for the quarter ended in December - Earnings Summary

Daqo New Energy

28/02/2023 14:34

* Daqo New Energy Corp  DQ.N  reported quarterly adjusted
earnings
of $4.71​​ per share for the quarter ended in December. The mean
expectation of three analysts for the quarter was for earnings
of $7.38 per share.
    * Revenue rose 118.5% to $864.25 million from a year ago;
analysts
expected $987.83 million. 
    * Daqo New Energy Corp's reported EPS for the quarter was
$4.71​.
    * The mean earnings estimate of analysts had risen by
about 5.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Daqo New Energy Corp shares had risen by 16.5% this
quarter.
    * The company reported quarterly net income of $372.89
million.
    * Wall Street's median 12-month price target for Daqo New
Energy
Corp is $57.53 
    * 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." 

This summary was machine generated from Refinitiv data February
28 at 02:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      7.38           4.71           Missed
 Sep. 30 2022      6.87           4.18           Missed
 Jun. 30 2022      6.14           8.18           Beat
 Mar. 31 2022      6.81           6.99           Beat