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

Daqo New Energy

03/08/2023 14:31

* Daqo New Energy Corp  DQ.N  reported quarterly adjusted
earnings
of $1.60​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
$4.67 per share.
    * Revenue fell 48.8% to $636.72 million from a year ago;
analysts
expected $1.01 billion. 
    * Daqo New Energy Corp's reported EPS for the quarter was
$1.34​.
    * The mean earnings estimate of analysts had fallen by
about 15.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Daqo New Energy Corp shares had fallen by 9.2% this
quarter and
lost 6.6% so far this year.
    * The company reported quarterly net income of $103.72
million.
    * Wall Street's median 12-month price target for Daqo New
Energy
Corp is $50.00 
    * 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 LSEG Refinitiv data
August 3 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      4.67           1.60           Missed
 Mar. 31 2023      4.95           3.52           Missed
 Dec. 31 2022      7.38           4.71           Missed
 Sep. 30 2022      6.87           4.18           Missed