Craig Hallum Predicts Shimmick’s Q2 Earnings (NASDAQ:SHIM)

Shimmick Corporation (NASDAQ:SHIM) – Equities researchers at Craig Hallum issued their Q2 2026 earnings per share (EPS) estimates for Shimmick in a research report issued on Thursday, July 30th. Craig Hallum analyst A. Spychalla expects that the company will post earnings of ($0.07) per share for the quarter. The consensus estimate for Shimmick’s current full-year earnings is ($0.08) per share.

Several other brokerages have also issued reports on SHIM. Wall Street Zen raised Shimmick to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Shimmick in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Shimmick presently has an average rating of “Hold” and a consensus target price of $5.50.

Shimmick Stock Up 4.2%

SHIM opened at $4.26 on Monday. The stock has a market cap of $156.34 million, a PE ratio of -7.34 and a beta of 0.78. Shimmick has a 52 week low of $1.68 and a 52 week high of $6.76. The business’s fifty day simple moving average is $3.81 and its 200 day simple moving average is $3.98.

Shimmick (NASDAQ:SHIM) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. The company had revenue of $88.03 million for the quarter, compared to analysts’ expectations of $116.80 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. increased its holdings in shares of Shimmick by 896.8% in the first quarter. Sei Investments Co. now owns 246,816 shares of the company’s stock worth $906,000 after buying an additional 222,055 shares during the period. 1492 Capital Management LLC grew its position in Shimmick by 46.0% during the 1st quarter. 1492 Capital Management LLC now owns 149,812 shares of the company’s stock worth $550,000 after acquiring an additional 47,180 shares during the last quarter. Walleye Capital LLC bought a new position in Shimmick during the 2nd quarter worth approximately $578,000. Finally, Renaissance Technologies LLC purchased a new position in Shimmick in the 1st quarter worth approximately $131,000. 6.94% of the stock is owned by institutional investors.

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. It serves federal, state, and local governments. The company was formerly known as SCCI National Holdings, Inc and changed its name to Shimmick Corporation in September 2023.