Daqo New Energy Q3 Adj. EPADS $0.59 Misses $0.94 Estimate, Sales $484.80M Miss $672.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy (NYSE:DQ) reported Q3 earnings of $0.59 per share, missing the analyst consensus estimate of $0.94 by 37.23%. The company's quarterly sales were $484.80 million, missing the analyst consensus estimate of $672.30 million by 27.89%. This represents a 92.45% decrease in earnings and a 60.26% decrease in sales compared to the same period last year.
October 30, 2023 | 11:03 am
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NEGATIVE IMPACT
Daqo New Energy's Q3 earnings and sales significantly missed estimates, indicating a potential negative impact on the company's stock price in the short term.
Daqo New Energy's Q3 earnings and sales missed analyst estimates by a significant margin. This underperformance, coupled with a significant decrease in earnings and sales compared to the same period last year, could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100