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Daqo New Energy (NYSE:DQ) unveils its next round of earnings this Tuesday, May 21. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
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Daqo New Energy EPS will likely be near 33 cents while revenue will be around $80.8 million, according to analysts.
In the same quarter last year, Daqo New Energy posted EPS of $2.90 on sales of $103.27 million. If the company were to report inline earnings when it publishes results Tuesday, quarterly profit would be down 88.62 percent. Sales would be down 21.76 percent from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.12 | 0.39 | 0.94 | 2.26 | 1.84 |
| EPS Actual | 1.16 | 0.32 | 1.36 | 2.9 | 3.16 |
Stock Performance
Shares of Daqo New Energy were trading at $32.77 as of May 20. Over the last 52-week period, shares are down 49.68 percent. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release. Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Daqo New Energy. The strength of this rating has maintained conviction over the past three months.
Conference Call
Daqo New Energy's conference call is scheduled to begin at 8:00 a.m. ET and can be accessed here: http://daqo.gotoip1.com/index.php?s=/Index/webcasts
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.