TTM Technologies(TTMI) ZACKS·2024-10-30 23:21Core Viewpoint - TTM Technologies reported quarterly earnings of 0.43 per share a year ago [1] - The company achieved revenues of 572.58 million year-over-year [2] Financial Performance - TTM Technologies has surpassed consensus EPS estimates three times over the last four quarters [1] - The company has also topped consensus revenue estimates three times in the last four quarters [2] - TTM shares have increased approximately 24.7% year-to-date, outperforming the S&P 500's gain of 22.3% [3] Future Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is 616.78 million, and for the current fiscal year, it is 2.39 billion [7] - The estimate revisions trend for TTM is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Electronics - Miscellaneous Components industry, to which TTM belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]