Daqo New Energy Corp reports results for the quarter ended in September 30 - Earnings Summary

Reuters10-30

* Daqo New Energy Corp reported a quarterly adjusted loss of 92 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of three analysts for the quarter was for a loss of 31 cents per share. Wall Street expected results to range from -80 cents to 18 cents per share.

* Revenue fell 59.1% to $198.50 million from a year ago; analysts expected $187.93 million.

* Daqo New Energy Corp's reported EPS for the quarter was a loss of 92 cents​.

* The company reported a quarterly loss of $60.72 million.

* Daqo New Energy Corp shares had risen by 10.5% this quarter and lost 15.4% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 73.7% in the last three months.​

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* 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 average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Daqo New Energy Corp is $18.00 This summary was machine generated from LSEG data October 30 at 03:20 p.m. UTC. ​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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 -0.31 -0.92 Missed

Jun. 30 2024 -0.56 -1.81 Missed

Mar. 31 2024 0.56 0.24 Missed

Dec. 31 2023 0.84 0.64 Missed

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