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

Shimmick

13/05/2024 23:46

* Shimmick Corp  SHIM.OQ  reported a quarterly adjusted loss
of
$1.15​​ per share for the quarter ended in March.  The mean
expectation of two analysts for the quarter was for a loss of 33
cents per share. Wall Street expected results to range from -34
cents to -33 cents per share.
    * Revenue was $120.04 million​; analysts expected $125.90
million. 
    * Shimmick Corp's reported EPS for the quarter was a loss of
$1.30​.
    * The company reported a quarterly loss of $33.33 million.
    * Shimmick Corp shares had fallen by 36.8% this quarter and
lost 44.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 318.7% 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Shimmick Corp is
$9.50 
This summary was machine generated from LSEG data May 13 at
10:46 p.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
 Mar. 31 2024      -0.33          -1.15          Missed
 Dec. 31 2023      -0.20          -0.59          Missed