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

Daqo New Energy

27/10/2022 14:33

* Daqo New Energy Corp  DQ.N  reported quarterly adjusted
earnings
of $4.18​​ per share for the quarter ended in September. The
mean expectation of four analysts for the quarter was
for earnings of $6.87 per share.
    * Revenue rose 112.4% to $1.24 billion from a year ago;
analysts
expected $1.17 billion. 
    * Daqo New Energy Corp's reported EPS for the quarter was
$4.18​.
    * The mean earnings estimate of analysts had risen by
about 20.3%
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 4.4% this
quarter and
gained 25.8% so far this year.
    * The company reported quarterly net income of $323.41
million.
    * Wall Street's median 12-month price target for Daqo New
Energy
Corp is $78.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      3.50           1.90           Missed