Daqo New Energy Corp reports results for the quarter ended in September 30 - Earnings Summary

Daqo New Energy

30/10/2024 15:20

* Daqo New Energy Corp  DQ.N  reported a quarterly adjusted
loss
of 92 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -9 cents.  The mean expectation of three analysts for the
quarter was for a loss of 31 cents per share. Wall Street
expected results to range from -80 cents to 18 cents per share.
    * Revenue fell 59.1% to $198.50 million from a year ago;
analysts
expected $187.93 million. 
    * Daqo New Energy Corp's reported EPS for the quarter was a
loss
of 92 cents​.
    * The company reported a quarterly loss of $60.72 million.
    * Daqo New Energy Corp shares had risen by 10.5% this
quarter and
lost 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 73.7%
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 "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Daqo New Energy
Corp is $18.00 
This summary was machine generated from LSEG data October 30 at
03:20 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
 Sep. 30 2024      -0.31          -0.92          Missed
 Jun. 30 2024      -0.56          -1.81          Missed
 Mar. 31 2024      0.56           0.24           Missed
 Dec. 31 2023      0.84           0.64           Missed