Shimmick Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-15

Shimmick (NASDAQ:SHIM) Third Quarter 2024 ResultsKey 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 ...

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Net loss: US$1.56m (down by 105% from US$34.6m profit in 3Q 2023). 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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).  NasdaqGM:SHIM Earnings and Revenue Growth November 15th 2024 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.  New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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