Market Overview

Earnings Outlook for Daqo New Energy

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Daqo New Energy (NYSE: DQ) announces its next round of earnings this Tuesday, August 18. Here is Benzinga's everything-that-matters guide for this Tuesday's Q2 earnings announcement.

Earnings and Revenue

Based on management's projections, Daqo New Energy analysts modeled for a loss of $0.03 per share on sales of $111.37 million. In the same quarter last year, Daqo New Energy reported earnings per share of $0.16 on revenue of $65.96 million. If the company were to report in-line earnings when it publishes results Tuesday, earnings would be down 118.75%. Revenue would be up 68.85% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 1.61 0.91 0.43 -0.11
EPS Actual 2.57 1.72 0.67 0.16
Revenue Estimate 150.50 M 118.80 M 85.60 M 69.80 M
Revenue Actual 168.83 M 118.92 M 83.91 M 65.96 M

Stock Performance

Over the last 52-week period, shares are up 157.09%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Daqo New Energy is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/dq/mediaframe/40183/indexr.html

 

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