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Daqo New Energy (GB:0I74)
LSE:0I74
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.69Last Year’s EPS
$0.64Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -11.10%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Daqo's strong liquidity position, improvements in product mix, and cost reductions. However, it also addressed significant challenges such as market oversupply, revenue decline, and financial losses. The sentiment is cautiously optimistic for long-term growth despite current struggles.Company Guidance
During the Daqo New Energy third quarter 2024 earnings call, the company provided guidance on various metrics impacting its performance and future outlook. Despite challenging market conditions in the solar industry due to oversupply, Daqo reported a narrowing of losses compared to the previous quarter, with operating losses reduced from $195.6 million in Q2 to $98 million in Q3. The company maintained a strong balance sheet with no financial debt, a cash balance of $853 million, and a total quick asset balance of $2.4 billion. Daqo's production volume for polysilicon was 53,592 metric tons in Q3, with a planned reduction in Q4 to between 31,000 and 34,000 metric tons. The company achieved a cash cost reduction to $5.34 per kilogram, although the production cost rose to $6.61 per kilogram due to lower utilization rates. Looking ahead, Daqo expects to produce between 200,000 and 210,000 metric tons for the full year 2024. The management also discussed potential government policies aimed at stabilizing the market, which could further influence supply and pricing dynamics in the industry.Strong Liquidity Position
Daqo New Energy maintained a strong liquidity position with quick assets of USD 2.4 billion, consisting mainly of bank deposits and bank financial products.
N-Type Product Mix Improvement
The overall N-type product mix reached 75% during the quarter, with Phase 5B reaching 70% N-type, strengthening confidence in achieving 100% N-type by the end of next year.
Cash Cost Reduction
Cash cost reduced to USD 5.34 per kilogram compared to USD 5.39 per kilogram in the second quarter.
Price Stabilization and Rebound
Polysilicon prices stabilized after reaching their lowest level and rebounded to approximately RMB 38 to RMB 43 per kilogram.
Optimism for Long-Term Solar PV Market
Daqo is optimistic about capturing long-term benefits from the growing global solar PV market due to cost reductions in solar PV products and enhanced N-type technology.
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GB:0I74 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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GB:0I74 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $21.66 | $23.29 | +7.54% |
| Apr 29, 2024 | $23.89 | $21.97 | -8.04% |
| Feb 28, 2024 | $19.93 | $21.10 | +5.87% |
| Oct 30, 2023 | $23.48 | $24.70 | +5.20% |
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 (GB:0I74) report earnings?
Daqo New Energy (GB:0I74) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Daqo New Energy (GB:0I74) earnings time?
Daqo New Energy (GB:0I74) earnings time is at Mar 04, 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 the P/E ratio of Daqo New Energy stock?
The P/E ratio of Daqo New Energy is N/A.
What is GB:0I74 EPS forecast?
GB:0I74 EPS forecast for the fiscal quarter 2024 (Q4) is -$0.69.
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