Earnings results for Daqo New Energy Stock Forecast, Price & News (NYSE:DQ)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.03 and remained the same over the past month at -0.03. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 7.37 and increased over the past month from 6.2 to 7.37(18.87%). Of the 2 analysts making yearly forecasts, 2raised and none lowered their forecast.
Daqo New Energy last released its quarterly earnings results on May 20th, 2020. The semiconductor company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.96. The business had revenue of $168.83 million for the quarter, compared to analyst estimates of $150.50 million. Daqo New Energy has generated $2.02 earnings per share over the last year and currently has a price-to-earnings ratio of 29.6. Daqo New Energy has confirmed that its next quarterly earnings report will be published on Tuesday, August 18th, 2020.
Analyst Opinion on Daqo New Energy Stock Forecast, Price & News (NYSE:DQ)
3 Wall Street analysts have issued ratings and price targets for Daqo New Energy in the last 12 months. Their average twelve-month price target is $87.00, predicting that the stock has a possible downside of 23.96%. The high price target for DQ is $105.00 and the low price target for DQ is $69.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Daqo New Energy has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $87.00, Daqo New Energy has a forecasted downside of 24.0% from its current price of $114.41. Daqo New Energy has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Daqo New Energy Stock Forecast, Price & News (NYSE:DQ)
Daqo New Energy does not currently pay a dividend. Daqo New Energy does not have a long track record of dividend growth.
Insiders buying/selling: Daqo New Energy Stock Forecast, Price & News (NYSE:DQ)
In the past three months, Daqo New Energy insiders have not sold or bought any company stock.
Earnings and Valuation of Daqo New Energy Stock Forecast, Price & News (NYSE:DQ
Earnings for Daqo New Energy are expected to grow by 49.39% in the coming year, from $7.37 to $11.01 per share. The P/E ratio of Daqo New Energy is 29.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.56. The P/E ratio of Daqo New Energy is 29.56, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 29.07. Daqo New Energy has a PEG Ratio of 0.57. PEG Ratios below 1 indicate that a company could be undervalued. Daqo New Energy has a P/B Ratio of 2.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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