Shimmick Corp reports results for the quarter ended December 31 - Earnings Summary

• Shimmick Corp SHIM.OQ reported a quarterly adjusted loss of 91 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -59 cents. The mean expectation of two analysts for the quarter was for a loss of 35 cents per share. Wall Street expected results to range from -42 cents to -29 cents per share.

• Revenue fell 25% to $103.55 million from a year ago; analysts expected $118.90 million.

• Shimmick Corp's reported EPS for the quarter was a loss of $1.13​.

• The company reported a quarterly loss of $38.46 million.

• Shimmick Corp shares had fallen by 34.4% this quarter.

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 $3.00

This summary was machine generated from LSEG data March 13 at 09:01 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)