Recap: Daqo New Energy Q4 Earnings
Portfolio Pulse from Benzinga Insights
Daqo New Energy (NYSE:DQ) reported Q4 earnings with an EPS of $0.94, beating estimates by 12.0% but with a revenue decrease from the previous year. Despite past earnings misses, the company's share price increased by 3.0% following the last quarterly report.
February 28, 2024 | 11:05 am
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Daqo New Energy reported a higher than expected Q4 EPS of $0.94, outperforming estimates by 12%, but saw a decrease in revenue compared to last year.
Beating EPS estimates typically has a positive impact on stock prices as it indicates better than expected financial health. However, the decrease in revenue could temper some of the positive sentiment. The past performance shows that despite missing EPS estimates in previous quarters, the stock price increased, suggesting a potentially positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100