Equities Analysts Issue Forecasts for Shimmick Q3 Earnings

Shimmick Corporation (NASDAQ:SHIM) – Research analysts at Craig Hallum issued their Q3 2026 EPS estimates for shares of Shimmick in a research note issued to investors on Friday, November 6th. Craig Hallum analyst A. Spychalla anticipates that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Shimmick’s current full-year earnings is ($0.03) per share.

SHIM has been the subject of a number of other reports. Wall Street Zen upgraded shares of Shimmick from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Shimmick in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Shimmick has an average rating of “Hold” and a consensus price target of $5.50.

Shimmick Trading Up 0.4%

NASDAQ:SHIM opened at $2.33 on Monday. The company’s 50 day moving average price is $2.96 and its 200-day moving average price is $3.73. Shimmick has a 52 week low of $1.95 and a 52 week high of $6.76.

Shimmick (NASDAQ:SHIM) last issued its earnings results on Monday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $106.62 million during the quarter, compared to the consensus estimate of $121.85 million.

Hedge Funds Weigh In On Shimmick

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in shares of Shimmick during the 2nd quarter valued at about $47,000. GSA Capital Partners LLP purchased a new stake in Shimmick in the second quarter worth approximately $53,000. AXQ Capital LP bought a new stake in Shimmick in the 2nd quarter worth approximately $69,000. Renaissance Technologies LLC bought a new stake in Shimmick in the 1st quarter worth approximately $131,000. Finally, Bank of America Corp DE purchased a new stake in Shimmick during the 2nd quarter valued at $135,000. Hedge funds and other institutional investors own 6.94% of the company’s stock.

About Shimmick

Shimmick Corporation (NASDAQ:SHIM) is a heavy civil construction company that delivers infrastructure projects for public agencies and other customers. Its work focuses primarily on water infrastructure, transportation systems and other complex civil construction programs.

The company’s capabilities include the construction and rehabilitation of dams, reservoirs, water-treatment facilities, tunnels, bridges, highways, transit systems and marine structures. Shimmick also provides related engineering, construction management and project-delivery services, with an emphasis on technically demanding projects and long-term infrastructure needs.

Shimmick has historical roots in Shimmick Construction Company, a U.S.