Daqo New Power Corp. DQ is slated to launch fourth-quarter 2022 results prior to the bell on Feb 28.
This leading manufacturer of high-purity polysilicon defeated the Zacks Agreement Price quote for revenues in 2 of the routing 4 quarters while missing out on the exact same two times. In this duration, it provided an unfavorable revenues shock of 4.6%, generally. It provided an unfavorable revenues shock of 39.2% in the last documented quarter. The firm is most likely to have actually obtained from greater rates, healthy and balanced need for polysilicon as well as activities to enhance performance in the 4th quarter.
The firm’s shares are down 7.2% over a year compared to the industry‘s 12.7% decrease.
Picture Resource: Zacks Financial Investment Research Study
Allow’s see just how points are toning up for this statement.
What do the Price quotes Claim?
The Zacks Agreement Price quote for the firm’s fourth-quarter sales is presently fixed at $1,125 million, which recommends a surge of 184.5% from the year-ago quarter’s tally.
Some Elements at Play
Daqo New Power is most likely to have actually taken advantage of healthy and balanced need for polysilicon, greater market price as well as its activities to enhance its expense framework in the to-be-reported quarter. The firm is anticipated to have actually obtained from its power performance initiatives as well as boosted production effectiveness.
Polysilicon rates are most likely to have actually been sustained, in the December quarter, by solid need for solar power items. The firm is anticipated to have actually seen proceeded solid need for solar PV items in China as well as abroad markets. Greater rates are most likely to have actually increased its sales as well as margins in the 4th quarter. The firm is likewise anticipated to have actually obtained from reduced manufacturing prices in the quarter, assisted by boosted production effectiveness.
DAQO New Power Corp. Cost as well as EPS Shock
DAQO New Energy Corp. price-eps-surprise|DAQO New Power Corp. Quote
Zacks Design
Our tried and tested version does not effectively anticipate a revenues beat for Daqo New Power this period. The mix of a favorable Earnings ESP as well as a Zacks Ranking # 1 (Solid Buy), 2 (Buy) or 3 (Hold) enhances the opportunities of a revenues beat. However that’s not the situation right here.
Incomes ESP: Incomes ESP for Daqo New Power is 0.00%. The Zacks Agreement Price quote for revenues for the 4th quarter is presently fixed at $7.02. You can reveal the very best supplies to purchase or offer prior to they’re reported with our Earnings ESP Filter.
Zacks Ranking: Daqo New Power presently brings a Zacks Ranking # 5 (Solid Offer).
Supplies That Called For an Appearance
Below are some firms you might intend to take into consideration, as our version reveals these have the ideal mix of aspects to publish a revenues defeated this quarter:
Lithium Americas Corp. LAC, which is anticipated to launch revenues on Mar 15, has a Profits ESP of +48.68% as well as brings a Zacks Ranking # 3. You can see the complete list of today’s Zacks Rank #1 stocks here.
The Zacks Agreement Price quote for LAC’s revenues for 4th quarter is presently fixed muddle-headed of 25 cents.
Eos Power Enterprises, Inc. EOSE, slated to launch revenues on Feb 28, has a Profits ESP of +4.1%.
The Zacks Agreement Quote for Eos Power Enterprises’ fourth-quarter revenues is presently fixed muddle-headed of 61 cents. EOSE presently brings a Zacks Ranking # 3.
Americas Silver And Gold Company USAS, anticipated to launch revenues on Mar 16, has a Profits ESP of +66.7%.
The Zacks Agreement Quote for Americas Silver and gold’s fourth-quarter revenues is presently fixed muddle-headed of 2 cents. USAS presently brings a Zacks Ranking # 3.
Remain on top of upcoming revenues statements with the Zacks Earnings Calendar.
5 Supplies Ready To Dual
Each was handpicked by a Zacks specialist as the # 1 favored supply to get +100% or even more in 2021. Previous referrals have actually skyrocketed +143.0%, +175.9%, +498.3% as well as +673.0%.
The majority of the supplies in this record are flying under Wall surface Road radar, which supplies a terrific possibility to participate the very beginning.
Today, See These 5 Potential Home Runs >>
DAQO New Energy Corp. (DQ) : Free Stock Analysis Report
Americas Gold and Silver Corporation (USAS) : Free Stock Analysis Report
Lithium Americas Corp. (LAC) : Free Stock Analysis Report
Eos Energy Enterprises, Inc. (EOSE) : Free Stock Analysis Report
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The sights as well as viewpoints revealed here are the sights as well as viewpoints of the writer as well as do not always mirror those of Nasdaq, Inc.
