Shimmick Corp reports results for the quarter ended September 30 - Earnings Summary

Shimmick

12/11/2024 15:38

* Shimmick Corp  SHIM.OQ  reported quarterly adjusted
earnings of
72 cents​​ per share for the quarter ended September 30.  The
mean expectation of two analysts for the quarter was for a loss
of 12 cents per share. Wall Street expected results to range
from -38 cents to 13 cents per share.
    * Revenue was $166.04 million​; analysts expected $120.05
million. 
    * Shimmick Corp's reported EPS for the quarter was a loss
of 5
cents​.
    * The company reported a quarterly loss of $1.56 million.
    * Shimmick Corp shares had fallen by 12.6% this quarter and
lost 67.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 525%
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
$3.00 
This summary was machine generated from LSEG data November 12 at
03:38 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
 Sep. 30 2024      -0.12          0.72           Beat
 Jun. 30 2024      -0.28          -1.60          Missed
 Mar. 31 2024      -0.33          -1.15          Missed
 Dec. 31 2023      -0.20          -0.59          Missed