Daqo New Energy's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Daqo New Energy (NYSE:DQ) is scheduled to release its quarterly earnings report on February 28, 2024, with an estimated EPS of $0.84. Despite past earnings misses, the stock price has shown resilience the day following earnings announcements. Shares have declined 59.31% over the last year, indicating potential concern among long-term investors. The upcoming earnings and particularly the company's guidance will be critical for investor sentiment.
February 27, 2024 | 3:01 pm
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Daqo New Energy is expected to report an EPS of $0.84 for the upcoming quarter. Historical data shows stock price resilience post-earnings, despite a significant annual decline.
Given the historical resilience of DQ's stock price following earnings announcements, even after misses, the short-term impact may be neutral. However, the significant annual decline suggests underlying concerns that could temper any positive reaction. The guidance provided will likely play a crucial role in shaping short-term investor sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100