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

Daqo New Energy

27/04/2023 14:33

* Daqo New Energy Corp  DQ.N  reported quarterly adjusted
earnings
of $3.52​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of $4.95 per share.
    * Revenue fell 44.6% to $709.83 million from a year ago;
analysts
expected $874.76 million. 
    * Daqo New Energy Corp's reported EPS for the quarter was
$3.52​.
    * The mean earnings estimate of analysts had fallen by
about 11.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Daqo New Energy Corp shares had fallen by 9.6% this
quarter and
gained 9.6% so far this year.
    * Wall Street's median 12-month price target for Daqo New
Energy
Corp is $57.05 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      6.14           8.18           Beat