Daqo New Energy Corp expected to post a loss of 31 cents a share - Earnings Preview

Reuters
2024-10-28

* Daqo New Energy Corp is expected to show a fall in quarterly revenue when it reports results on October 30 for the period ending September 30 2024

* The Chongqing-based company is expected to report a 61.2% decrease in revenue to $187.927 million from $484.84 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.

* ​LSEG's mean analyst estimate for Daqo New Energy Corp is for a loss of 31 cents per share.

* 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 mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Daqo New Energy Corp is $18.00​, below​ its last closing price of $25.54. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jan. 1 0001 -0.57 -0.56 -1.81 Missed -223.2

Mar. 31 0001 0.56 0.56 0.24 Missed -57.1

Dec. 31 2023 0.84 0.64 Missed -23.8​

Sep. 30 2023 1.70 0.94 -0.09 Missed -109.6

​​Jun. 4.62 4.67 1.60 Missed -65.7

30 2023

Jan. 1 0001 4.95 4.95 3.52 Missed -28.9​

Jan. 1 0001 7.73 7.38 4.71 Missed -36.1

Sep. 30 2022 6.87 6.87 4.18 Missed -39.2

This summary was machine generated October 28 at 13:07 GMT. 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)

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