Shimmick Third Quarter 2024 Earnings: Beats Expectations

Shimmick (NASDAQ:SHIM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$166.0m (down 5.4% from 3Q 2023).
• Net loss: US$1.56m (down by 105% from US$34.6m profit in 3Q 2023).
• US$0.05 loss per share (down from US$1.58 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shimmick Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 38%. Earnings per share (EPS) also surpassed analyst estimates by 79%.

Looking ahead, revenue is expected to decline by 3.2% p.a. on average during the next 2 years, while revenues in the Construction industry in the US are expected to grow by 8.6%.

Performance of the American Construction industry.

The company's shares are up 9.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 5 warning signs for Shimmick you should know about.

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