Daqo New Energy (DQ) Scheduled to Post Earnings on Monday

Daqo New Energy (NYSE:DQ) is scheduled to announce its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Daqo New Energy (NYSE:DQ) last issued its earnings results on Wednesday, February 28th. The semiconductor company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.20). The firm had revenue of $477.13 million during the quarter, compared to analyst estimates of $529.40 million. Daqo New Energy had a return on equity of 6.42% and a net margin of 18.24%. During the same period in the previous year, the company earned $4.71 earnings per share. On average, analysts expect Daqo New Energy to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Daqo New Energy Stock Performance

Shares of NYSE DQ opened at $23.82 on Friday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 4.40 and a beta of 0.22. The business has a 50 day simple moving average of $24.51 and a 200 day simple moving average of $23.93. Daqo New Energy has a 52 week low of $17.30 and a 52 week high of $48.31.

Wall Street Analysts Forecast Growth

Separately, Daiwa Capital Markets reiterated an “underperform” rating and set a $25.00 price target on shares of Daqo New Energy in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.23.

About Daqo New Energy

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.