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Daqo New Energy (DQ)
NYSE:DQ
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.73Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -7.49%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Negative
The earnings call highlights a challenging year for Daqo New Energy with significant declines in revenue and prices, leading to negative margins and asset impairments. Despite these challenges, the company maintained a strong balance sheet and worked on optimizing costs. However, the lowlights, including reduced utilization rates and significant financial losses, outweigh the highlights, indicating a difficult market environment.Company Guidance
During the Daqo New Energy Fourth Quarter 2024 Results Conference Call, the company reported a challenging market environment due to excess capacity in the solar PV industry, which led to significant price declines. The company's annual polysilicon production volume reached 205,068 metric tons, meeting their guidance of 200,000 to 210,000 metric tons, with a year-over-year increase of 3.7%. However, the average selling price (ASP) of polysilicon fell drastically from $11.48 per kilogram in 2023 to $5.66 per kilogram in 2024, causing revenues to drop from $2.3 billion to $1 billion. The company recorded a negative gross margin of 20.7% for 2024 and a non-cash long-lived asset impairment charge of $175.6 million due to falling ASPs. Despite these financial challenges, Daqo New Energy maintained a strong balance sheet with $1 billion in cash, $10 million in short-term investments, and $1.1 billion in fixed-term bank deposits. Looking ahead, the company anticipates a total polysilicon production volume of 110,000 to 140,000 metric tons for 2025, maintaining low utilization rates amid ongoing industry challenges. The company remains optimistic about the solar PV industry's long-term demand prospects, emphasizing their focus on enhancing higher efficiency N-type technology and optimizing cost structure to navigate through the downturn and capture future growth opportunities.Increase in Polysilicon Production Volume
Daqo New Energy achieved an annual polysilicon production volume of 205,068 metric tons in 2024, meeting the guidance of 200,000 to 210,000 metric tons, marking a 3.7% increase from 2023.
Strong Balance Sheet and Liquidity
The company maintained a strong balance sheet with a cash balance of $1 billion, short-term investments of $10 million, bank notes receivable of $55 million, and a fixed term bank deposit balance of $1.1 billion, totaling $2.2 billion in quick assets.
Cost Optimization Efforts
Relentless efforts to improve operational efficiency resulted in a cash cost decline by 6% quarter-over-quarter to $5.04 per kilogram.
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DQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $21.89 | $21.50 | -1.78% |
| Oct 30, 2024 | $22.51 | $22.26 | -1.11% |
| Aug 26, 2024 | $15.20 | $14.69 | -3.36% |
| Apr 29, 2024 | $23.74 | $21.55 | -9.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Daqo New Energy (DQ) report earnings?
Daqo New Energy (DQ) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Daqo New Energy (DQ) earnings time?
Daqo New Energy (DQ) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DQ EPS forecast?
DQ EPS forecast for the fiscal quarter 2025 (Q1) is -0.73.
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