Published on 22 Oct 2022 on Zacks via Yahoo Finance
In the latest trading session, Daqo New Energy (DQ) closed at $48.37, marking a +1.79% move from the previous day. This move lagged the S&P 500's daily gain of 2.37%. Meanwhile, the Dow gained 2.47%, and the Nasdaq, a tech-heavy index, lost 0.07%.
Coming into today, shares of the solar panel parts maker had lost 7.98% in the past month. In that same time, the Basic Materials sector lost 3.01%, while the S&P 500 lost 4.82%.
Wall Street will be looking for positivity from Daqo New Energy as it approaches its next earnings report date. In that report, analysts expect Daqo New Energy to post earnings of $6.87 per share. This would mark year-over-year growth of 80.31%. Meanwhile, our latest consensus estimate is calling for revenue of $1.1 billion, up 88.59% from the prior-year quarter.