3 Growth Stocks With Positive Revisions And Surprises

The company reported earnings per share of $1.08, which more than doubled the previous year’s 44 cents, and topped the Zacks Consensus Estimate by more than 21%. Revenues of $256.1 million jumped 52% from last year and was also ahead of our expectation at $242.8 million.

The improved sales were attributed to a higher ASP amid strong customer demand for high-purity polysilicon. The ASP was $11.90 per kg, which was up 35%. Meanwhile, polysilicon production volume was up 2% to 20,185 metric tons, while sales volume increased 12% to 21,471 MT.

For the full year, DQ expects production volume between 81K and 83K MT. It should see benefits from its new digital manufacturing system, which was put in place to stabilize production, maximize output and optimize efficiency.

The Zacks Consensus Estimate for this year is up 61.4% over the past 60 days to $8.44, while next year has climbed 62.4% in that time to $9.97. Therefore, analysts currently expect a year-over-year improvement of 18.1%, which shows that analysts see a lot of bright spots for this company moving forward.

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