DAQO New Energy Corp. (NYSE:DQ) is expected to report third quarter earnings results, before market open, on Monday 23rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.32 per share.
Looking ahead, the full year income are expected at $ 2.18 per share on the revenues of $ 688.73 million.
Previous Quarter Performance
DAQO New Energy Corp. unveiled income for the second quarter of $ 0.47 per share, from the revenue of $ 133.52 million. The quarterly earnings raised 193.75 percent while revenues up 102.43 percent compared with the same quarter last year. The top line results outshined analysts by $ 22.05 million or 19.78 percent.
Stock Performance
Shares of DAQO New Energy Corp. traded up $ 1.63 or 4.07 percent on Friday, reaching $ 41.71 with volume of 2.07 million shares. DAQO New Energy Corp. has traded high as $ 42.25 and has cracked $ 40.10 on the downward trend
According to the previous trading day, closing price of $ 41.71, representing a 459.78 % increase from the 52 week low of $ 7.16 and a 17.75 % decrease over the 52 week high of $ 48.73.
The company has a market capital of $ 2.90 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Roth Capital at Buy rating, with $ 220.00 target price.
Conference Call
DAQO New Energy Corp. will be hosting a conference call at 8:00 AM eastern time on 23rd November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1-888-346-8982 U.S. or +1-412-902-4272 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.dqsolar.com
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the Peoples Republic of China. The photovoltaic product manufactures further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, and packaged to meet crucible stacking, pulling, and solidification products.
