Daqo New Energy Corp expected to post earnings of 56 cents a share - Earnings Preview

Reuters04-26

* Daqo New Energy Corp is expected to show a fall in quarterly revenue when it reports results on April 29 for the period ending March 31 2024

* The Chongqing-based company is expected to report a 30.7% decrease in revenue to $491.9 million from $709.83 million a year ago, according to the estimate from one analyst, based on LSEG data.

* LSEG's mean analyst estimate for Daqo New Energy Corp is for earnings of 56 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "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 $24.00, above its last closing price of $23.56.

This summary was machine generated April 26 at 14:08 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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