Analysts Just Shaved Their Daqo New Energy Corp. (NYSE:DQ) Forecasts Dramatically [Yahoo! Finance]
DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares (DQ)
Last daqo new energy corp. american depositary shares, each representing five ordinary shares earnings: 3/11 05:27 am
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Source: Yahoo! Finance
to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting the analysts have soured majorly on the business. Following the latest downgrade, the eight analysts covering Daqo New Energy provided consensus estimates of US$1.9b revenue in 2024, which would reflect a measurable 3.6% decline on its sales over the past 12 months. Statutory earnings per share are anticipated to plummet 69% to US$0.79 in the same period. Before this latest update, the analysts had been forecasting revenues of US$2.4b and earnings per share (EPS) of US$3.73 in 2024. It looks like analyst sentiment has declined substantially, with a sizeable cut to revenue estimates and a pretty serious decline to earnings per share numbers as well. Check out our latest analysis for Daqo New Energy Despite the cuts to forecast earnings, there was no real change to the US$28.58 price target, showing that the analysts don't think the ch
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News
- Daqo New Energy Corp. (NYSE: DQ) had its "reduce" rating re-affirmed by analysts at HSBC Holdings plc. They now have a $17.50 price target on the stock, down previously from $23.50.MarketBeat
- Earnings Miss: Daqo New Energy Corp. Missed EPS By 57% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Daqo New Energy Corp. (NYSE:DQ) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Daqo New Energy First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Daqo New Energy: There May Be More Pain Ahead In The Short Term [Seeking Alpha]Seeking Alpha
DQ
Earnings
- 4/29/24 - Miss
DQ
Sec Filings
- 5/8/24 - Form SC
- 4/29/24 - Form 6-K
- 4/29/24 - Form 20-F
- DQ's page on the SEC website