Daqo New Energy Corp reports results for the quarter ended September 30 - Earnings Summary

• Daqo New Energy Corp DQ.N reported a quarterly adjusted loss of 78 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -22 cents. The lone analyst forecast for the quarter was for a loss of 48 cents per share.

• Revenue fell 20.6% to $194.15 million from a year ago; analysts expected $61.90 million.

• Daqo New Energy Corp's reported EPS for the quarter was a loss of 78 cents​.

• The company reported a quarterly loss of $52.85 million.

• Daqo New Energy Corp shares had fallen by 11.5% this quarter and lost 65.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 25.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

• Wall Street's median 12-month price target for Daqo New Energy Corp is $19.00, about 46.8% above its last closing price of $10.11

This summary was machine generated from LSEG data October 27 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)