Daqo New Energy First Quarter 2024 Earnings: Misses Expectations [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
Net income: US$15.5m (down 95% from 1Q 2023). Profit margin: 3.7% (down from 39% in 1Q 2023). The decrease in margin was driven by lower revenue. EPS: US$0.23 (down from US$3.56 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Daqo New Energy Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 57%. Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US. Performance of the American Semiconductor industry. The company's shares are down 17% from a week ago. Risk Analysis You still need to take note of risks, for example - Daqo New Energy has 1 warning sign we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst
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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
- 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: 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