Craig Hallum Estimates Shimmick’s Q3 Earnings (NASDAQ:SHIM)

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

A number of other equities analysts also recently commented on the stock. Wall Street Zen raised shares of Shimmick from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Shimmick in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Shimmick has an average rating of “Hold” and an average price target of $5.50.

Shimmick Price Performance

NASDAQ SHIM opened at $2.29 on Monday. Shimmick has a twelve month low of $2.01 and a twelve month high of $6.76. The stock has a 50-day simple moving average of $2.93 and a 200 day simple moving average of $3.72.

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

Hedge Funds Weigh In On Shimmick

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cannell Capital LLC bought a new position in Shimmick in the second quarter valued at about $4,376,255. Gratia Capital LLC acquired a new stake in Shimmick in the second quarter worth about $3,322,000. Boston Partners acquired a new stake in Shimmick in the third quarter worth about $3,257,000. BlackRock Inc. bought a new stake in Shimmick during the 2nd quarter worth about $1,048,000. Finally, Sei Investments Co. raised its holdings in Shimmick by 896.8% during the 1st quarter. Sei Investments Co. now owns 246,816 shares of the company’s stock worth $906,000 after purchasing an additional 222,055 shares during the last quarter. 6.94% of the stock is currently owned by institutional investors and hedge funds.

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.