Shimmick Corporation (SHIM) Reports Q4 Loss, Lags Revenue Estimates

Core Viewpoint - Shimmick Corporation reported a significant quarterly loss of $0.91 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.29, indicating a substantial earnings surprise of -213.79% [1] Financial Performance - The company posted revenues of $103.55 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 13.71$138.06 million in the same quarter last year [2] - Over the last four quarters, Shimmick Corporation has surpassed consensus EPS estimates only once [2] Stock Performance - Shimmick Corporation shares have declined approximately 34.4% since the beginning of the year, compared to a decline of 4.8% for the S&P 500 [3] Future Outlook - The company's earnings outlook will be crucial for investors, particularly in light of management's commentary during the earnings call [4] - Current consensus EPS estimate for the upcoming quarter is -$0.32 on revenues of$112.8 million, and for the current fiscal year, it is -$0.43 on revenues of$491.7 million [7] Industry Context - The Waste Removal Services industry, to which Shimmick Corporation belongs, is currently ranked in the bottom 48% of over 250 Zacks industries, suggesting potential challenges ahead [8]