DQ Earnings Prediction
The chart below shows how DQ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DQ sees a +3.19% change in stock price 10 days leading up to the earnings, and a +6.30% change 10 days following the report. On the earnings day itself, the stock moves by -1.38%. This data can give you a slight idea of what to expect for the next quarter's release.
DQ Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
198.50M
-59.06%
-9.74%
Gross Margin
-30.53%
-318.23%
-57.81%
Operating Margin
-49.39%
-1166.74%
-44.47%
Net Margin
-38.76%
-1153.26%
-46.00%
EPS
-0.18
-100.00%
-50.00%
No Data Available
DQ Earnings Analysis
Daqo New Energy Corp. American Depositary Shares (each representing 5 Ordinary Shares) Corporation (DQ.N) Earnings Conference Call
Positive
Cash Balance Decline: Daqo New Energy reported a cash balance of $853.4 million as of September 30, 2024, compared to $997.5 million as of June 30, 2024, and $3.3 billion as of September 30, 2023.
Strong Liquidity Position: The company maintained a strong liquidity position with a balance of quick assets of $2.4 billion.
Polysilicon Production Volume: During the third quarter, the total production volume at Daqo's two polysilicon facilities was 43,592 metric tons.
Cash Cost Reduction: Daqo achieved a reduction in cash cost to $5.34 per kilogram, compared to $5.39 per kilogram in the second quarter.
N-Type Product Mix Progress: The company reached 75% N-type product mix during the quarter, strengthening its confidence in achieving 100% N-type by the end of next year.
Negative
Revenue Decline Analysis: Revenue decreased to $198.5 million compared to $219.9 million in the second quarter of 2024 and $484.8 million in the third quarter of 2023.
Gross Loss Comparison: Gross loss was $60.6 million compared to $159.2 million in the second quarter of 2024 and gross profit of $67.8 million in the third quarter of 2023.
Operating Margin Comparison: Operating margin was negative 49% compared to negative 89% in the second quarter of 2024 and 4.6% in the third quarter of 2023.
Net Loss Comparison: Net loss attributable to Daqo New Energy shareholders was $60.7 million compared to a loss of $120 million in the second quarter of 2024 and $6.3 million in the third quarter of 2023.
Adjusted Net Loss Reduction: Adjusted net loss attributable to Daqo New Energy shareholders was $39.4 million compared to $98.8 million in the second quarter of 2024.
DQ FAQs
How does DQ typically perform around its earnings report dates?
Is Daqo New Energy Corp. (DQ) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
DQ Earning Call Sentiment
Daqo New Energy Corp. (DQ) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DQ.N
1.37%Positive
The earnings call reveals significant financial challenges, including large losses, declining revenue, and negative gross margins. Although there are some improvements in losses and margins, the overall financial health is concerning. The Q&A section highlights uncertainties around government policies and share sales, with management providing unclear responses. The market cap suggests a moderate reaction, but given the weak financials and lack of positive guidance, a negative stock price movement of -2% to -8% is expected over the next two weeks.
