Shimmick (SHIM) Projected to Post Quarterly Earnings on Thursday

Shimmick (NASDAQ:SHIM) will likely be releasing its earnings data before the market opens on Thursday, March 27th. Analysts expect Shimmick to post earnings of ($0.29) per share and revenue of $118.90 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Shimmick (NASDAQ:SHIM) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The company had revenue of $103.55 million during the quarter, compared to the consensus estimate of $118.90 million. During the same quarter in the prior year, the business earned ($0.59) earnings per share. On average, analysts expect Shimmick to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shimmick Trading Down 2.2 %

NASDAQ:SHIM opened at $1.80 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick has a 1-year low of $1.47 and a 1-year high of $7.04. The firm has a market capitalization of $60.83 million, a price-to-earnings ratio of -0.46 and a beta of 0.59. The business’s 50-day moving average price is $2.16 and its two-hundred day moving average price is $2.37.

About Shimmick

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.