Shimmick Corp reports results for the quarter ended in June - Earnings Summary

Shimmick

16/08/2024 07:35

* Shimmick Corp  SHIM.OQ  reported a quarterly adjusted loss
of
$1.60​​ per share for the quarter ended in June.  The mean
expectation of two analysts for the quarter was for a loss of 28
cents per share. Wall Street expected results to range from -30
cents to -27 cents per share.
    * Revenue was $90.61 million​; analysts expected $124.15
million. 
    * Shimmick Corp's reported EPS for the quarter was a loss of
$1.83​.
    * The company reported a quarterly loss of $51.39 million.
    * Shimmick Corp shares had risen by 111.6% this quarter and
lost 50.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "hold"

Wall Street's median 12-month price target for Shimmick Corp is
$3.75 
This summary was machine generated from LSEG data August 16 at
06:35 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.28          -1.60          Missed
 Mar. 31 2024      -0.33          -1.15          Missed
 Dec. 31 2023      -0.20          -0.59          Missed