Daqo New Energy Corp reports results for the quarter ended June 30 - Earnings Summary
Daqo New Energy Corp reports results for the quarter ended June 30 - Earnings Summary
Daqo New Energy Corp DQ.N reported a quarterly adjusted loss of $1.20 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $-1.14. The mean expectation of three analysts for the quarter was for a loss of 52 cents per share. Wall Street expected results to range from -89 cents to -10 cents per share.
Revenue fell 16.7% to $62.66 million from a year ago; analysts expected $190.30 million.
Daqo New Energy Corp's reported EPS for the quarter was a loss of $1.20.
The company reported a quarterly loss of $81.15 million.
Daqo New Energy Corp shares had risen by 4.9% this quarter and lost 52.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 11.4% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "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 $28.60, about 50.9% above its last closing price of $14.05
This summary was machine generated from LSEG data August 20 at 01:31 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 |
Jun. 30 2026 | -0.52 | -1.20 | Missed |
Mar. 31 2026 | -0.35 | -1.31 | Missed |
Dec. 31 2025 | -0.17 | -0.11 | Beat |
Sep. 30 2025 | -0.46 | -0.22 | Beat |
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