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

Daqo New Energy

29/04/2024 18:05

* Daqo New Energy Corp  DQ.N  reported quarterly adjusted
earnings
of 24 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of $3.52.  The lone analyst forecast for the quarter was
for earnings of 56 cents per share. 
    * Revenue fell 41.5% to $415.31 million from a year ago;
analysts
expected $491.90 million. 
    * Daqo New Energy Corp's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of $15.47
million.
    * Daqo New Energy Corp shares had fallen by 15.7% this
quarter and
lost 10.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the renewable
energy
equipment & services peer group is also "hold"

Wall Street's median 12-month price target for Daqo New Energy
Corp is $24.00 
This summary was machine generated from LSEG data April 29 at
05:05 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.56           0.24           Missed
 Dec. 31 2023      0.84           0.64           Missed
 Sep. 30 2023      0.94           -0.09          Missed
 Jun. 30 2023      4.67           1.60           Missed