Earnings Miss: Daqo New Energy Corp. Missed EPS By 57% And Analysts Are Revising Their Forecasts [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
It looks like quite a negative result overall, with both revenues and earnings falling well short of analyst predictions. Revenues of US$415m missed by 16%, and statutory earnings per share of US$0.24 fell short of forecasts by 57%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. See our latest analysis for Daqo New Energy Following last week's earnings report, Daqo New Energy's eight analysts are forecasting 2024 revenues to be US$2.00b, approximately in line with the last 12 months. Statutory earnings per share are forecast to crater 69% to US$0.79 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$2.43b and earnings per share (EPS) of US$3.73 in 2024. It looks l
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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
- Analysts Just Shaved Their Daqo New Energy Corp. (NYSE:DQ) Forecasts Dramatically [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