Daqo New Vitality (DQ) closed at $67.80 within the newest buying and selling session, marking a -1.72% transfer from the prior day. This transfer lagged the S&P 500’s every day achieve of 1.13%.
Previous to immediately’s buying and selling, shares of the photo voltaic panel elements maker had gained 2.28% over the previous month. This has outpaced the Primary Supplies sector’s lack of 4.51% and lagged the S&P 500’s achieve of two.39% in that point.
DQ can be seeking to show energy because it nears its subsequent earnings launch. On that day, DQ is projected to report earnings of $2.54 per share, which might signify year-over-year development of 8366.67%. Our most up-to-date consensus estimate is asking for quarterly income of $390.6 million, up 192.54% from the year-ago interval.
DQ’s full-year Zacks Consensus Estimates are calling for earnings of $8.75 per share and income of $1.46 billion. These outcomes would signify year-over-year modifications of +408.72% and +116.22%, respectively.
Buyers may additionally discover latest modifications to analyst estimates for DQ. These revisions assist to indicate the ever-changing nature of near-term enterprise developments. As such, optimistic estimate revisions replicate analyst optimism in regards to the firm’s enterprise and profitability.
Analysis signifies that these estimate revisions are immediately correlated with near-term share value momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate modifications under consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a outstanding, outside-audited observe report of success, with #1 shares delivering a mean annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant throughout the previous month. DQ presently has a Zacks Rank of #3 (Maintain).
its valuation, DQ is holding a Ahead P/E ratio of seven.88. This valuation marks a reduction in comparison with its business’s common Ahead P/E of 18.24.
The Chemical – Specialty business is a part of the Primary Supplies sector. This business presently has a Zacks Business Rank of 106, which places it within the prime 42% of all 250+ industries.
The Zacks Business Rank contains is listed so as from finest to worst when it comes to the common Zacks Rank of the person firms inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Be sure to make the most of Zacks. Com to observe all of those stock-moving metrics, and extra, within the coming buying and selling classes.
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DAQO New Vitality Corp. (DQ): Free Inventory Evaluation Report
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