Daqo New Energy (DQ) to Release Earnings on Tuesday

Daqo New Energy (NYSE:DQ - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of ($1.02) per share and revenue of $176.81 million for the quarter.

Daqo New Energy (NYSE:DQ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The semiconductor company reported ($2.71) EPS for the quarter, missing the consensus estimate of ($0.69) by ($2.02). The business had revenue of $195.36 million for the quarter, compared to analysts' expectations of $153.54 million. Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. On average, analysts expect Daqo New Energy to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Daqo New Energy Stock Performance

DQ traded up $0.35 on Friday, reaching $14.83. The company had a trading volume of 900,425 shares, compared to its average volume of 1,054,434. Daqo New Energy has a 52-week low of $12.90 and a 52-week high of $30.85. The company has a market cap of $978.88 million, a price-to-earnings ratio of -8.02 and a beta of 0.37. The business has a 50 day simple moving average of $17.58 and a 200 day simple moving average of $19.14.

Analysts Set New Price Targets

DQ has been the subject of a number of research analyst reports. The Goldman Sachs Group downgraded shares of Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price objective for the company. in a report on Tuesday, April 15th. StockNews.com upgraded Daqo New Energy to a "sell" rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.21.

Daqo New Energy Company Profile

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.