Published on 26 Oct 2022 on Zacks via Yahoo Finance
Daqo New Energy (DQ) to Post Q3 Earnings: What's in Store?
Daqo New Energy Corp. DQ is slated to release third-quarter 2022 results before the bell on Oct 27.This leading producer of high-purity polysilicon beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters while missing the same once. In this timeframe, it delivered an earnings surprise of 10.8%, on average. It delivered an earnings surprise of 26.6% in the last reported quarter. The company is likely to have gained from higher prices, healthy demand and actions to improve efficiency in the third quarter.The company’s shares are down 38.1% over a year compared with the industry’s 29.2% decline.
