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
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|
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.
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
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