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

Daqo New Energy

30/10/2023 13:31

* Daqo New Energy Corp  DQ.N  reported a quarterly adjusted
loss
of 9 cents​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was
for earnings of 94 cents per share.
    * Revenue fell 60.2% to $484.84 million from a year ago;
analysts
expected $672.30 million. 
    * Daqo New Energy Corp's reported EPS for the quarter was a
loss
of 9 cents​.
    * The mean earnings estimate of analysts had fallen by
about 63.6%
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 22.9% this
quarter and
lost 39.6% so far this year.
    * The company reported a quarterly loss of $6.31 million.
    * Wall Street's median 12-month price target for Daqo New
Energy
Corp is $42.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.94           -0.09          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