Update shared on16 Aug 2025
Fair value Increased 9.09%Shimmick’s consensus price target has risen to $3.00 despite lower revenue growth forecasts and a higher forward P/E, reflecting a notable uplift in perceived fair value.
What's in the News
- Shimmick raised its 2025 projects revenue guidance to $405–$415 million (up from $392–$410 million), with gross margins expected between 9% and 12%.
- Selected as preferred bidder on four contracts totaling $156 million (including $47 million in electrical work), spanning large wastewater and power distribution projects in California.
- Awarded a $51 million contract by Stockton East Water District for Bellota Weir Modifications, supporting water reliability and habitat restoration in the Calaveras River region.
- Launched Axia Electric LLC, a dedicated electrical subsidiary, with $42 million in new awards and over $380 million in electrical projects under contract.
- Added as a constituent to the Russell 3000E Value Index, Russell Microcap Value Index, and their associated benchmarks.
Valuation Changes
Summary of Valuation Changes for Shimmick
- The Consensus Analyst Price Target has risen from $2.75 to $3.00.
- The Consensus Revenue Growth forecasts for Shimmick has significantly fallen from 2.6% per annum to 0.9% per annum.
- The Future P/E for Shimmick has significantly risen from 4.76x to 5.52x.
Disclaimer
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