* Shimmick Corp 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