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• Shimmick Corp SHIM.OQ reported a quarterly adjusted loss of $1.60​​ per share for the quarter ended in June. The mean expectation of two analysts for the quarter was for a loss of 28 cents per share. Wall Street expected results to range from -30 cents to -27 cents per share.

• Revenue was $90.61 million​; analysts expected $124.15 million.

• Shimmick Corp's reported EPS for the quarter was a loss of $1.83​.

• The company reported a quarterly loss of $51.39 million.

• Shimmick Corp shares had risen by 111.6% this quarter and lost 50.3% 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 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 "strong buy" or "buy," 2 "hold" and "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 $3.75

This summary was machine generated from LSEG data August 16 at 06:35 a.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)