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Daqo New Energy (DQ) Stock Moves -1.25%: What You Should Know
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Daqo New Energy (DQ - Free Report) closed at $41.22 in the latest trading session, marking a -1.25% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.42%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.
Coming into today, shares of the solar panel parts maker had lost 0.22% in the past month. In that same time, the Basic Materials sector gained 7.56%, while the S&P 500 gained 0.39%.
Investors will be hoping for strength from Daqo New Energy as it approaches its next earnings release. In that report, analysts expect Daqo New Energy to post earnings of $3.58 per share. This would mark year-over-year growth of 272.92%. Meanwhile, our latest consensus estimate is calling for revenue of $765.4 million, up 208.97% from the prior-year quarter.
Any recent changes to analyst estimates for Daqo New Energy should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.62% lower. Daqo New Energy is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Daqo New Energy's current valuation metrics, including its Forward P/E ratio of 2.99. This represents a discount compared to its industry's average Forward P/E of 17.43.
The Chemical - Specialty industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DQ in the coming trading sessions, be sure to utilize Zacks.com.
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Daqo New Energy (DQ) Stock Moves -1.25%: What You Should Know
Daqo New Energy (DQ - Free Report) closed at $41.22 in the latest trading session, marking a -1.25% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.42%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.
Coming into today, shares of the solar panel parts maker had lost 0.22% in the past month. In that same time, the Basic Materials sector gained 7.56%, while the S&P 500 gained 0.39%.
Investors will be hoping for strength from Daqo New Energy as it approaches its next earnings release. In that report, analysts expect Daqo New Energy to post earnings of $3.58 per share. This would mark year-over-year growth of 272.92%. Meanwhile, our latest consensus estimate is calling for revenue of $765.4 million, up 208.97% from the prior-year quarter.
Any recent changes to analyst estimates for Daqo New Energy should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.62% lower. Daqo New Energy is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Daqo New Energy's current valuation metrics, including its Forward P/E ratio of 2.99. This represents a discount compared to its industry's average Forward P/E of 17.43.
The Chemical - Specialty industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DQ in the coming trading sessions, be sure to utilize Zacks.com.