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

• Shimmick Corp SHIM.OQ reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.60. The mean expectation of two analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -16 cents to -12 cents per share.

• Revenue rose 41.7% to $128.40 million from a year ago; analysts expected $113.20 million.

• Shimmick Corp's reported EPS for the quarter was a loss of 25 cents​.

• The company reported a quarterly loss of $8.53 million.

• Shimmick Corp shares had risen by 28.1% this quarter and lost 15.4% 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."

• Wall Street's median 12-month price target for Shimmick Corp is $2.75, about 20.4% above its last closing price of $2.19

This summary was machine generated from LSEG data August 14 at 09:00 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)