Does TTM Technologies (TTMI) have what it takes to be a top stock pick for momentum investors? Let's find out.
The average of price targets set by Wall Street analysts indicates a potential upside of 39.3% in TTM (TTMI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
TTM Technologies, Inc.'s Q1 earnings were strong, with revenue up 14% YoY and non-GAAP EPS at $0.50, driven by defense and AI infrastructure demand. The company is well-positioned in defense, particularly with radar tech, but TTMI faces risks like underused assets and weak cash flow. Global expansion efforts in Malaysia and New York show promise, but automotive segment struggles and cash flow volatility are concerns.
TTM Technologies, Inc. (NASDAQ:TTMI ) Q1 2025 Earnings Conference Call April 30, 2025 4:30 PM ET Company Participants Sameer Desai - VP, Corporate Development & Investor Relations Tom Edman - CEO Daniel Boehle - CFO Conference Call Participants William Stein - Truist Securities Jim Ricchiuti - Needham & Co. Ruben Roy - Stifel Mike Crawford - B. Riley Securities Operator Good afternoon.
TTM Technologies (TTMI) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.31 per share a year ago.
TTM Technologies, Inc. (NASDAQ:TTMI ) Q4 2024 Earnings Conference Call February 5, 2025 4:30 PM ET Company Participants Sameer Desai - Vice President of Corporate Development & Investor Relations Tom Edman - Chief Executive Officer Daniel Boehle - Chief Financial Officer Conference Call Participants William Stein - Truist Securities Mike Crawford - B. Riley Securities Chris Grenga - Needham Operator Good afternoon.
TTM Technologies (TTMI) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.41 per share a year ago.
TTM Technologies is suffering from declining revenues from key markets, supply-chain disruptions and fierce competition.
TTM (TTMI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Truist raised the firm's price target on TTM Technologies to $32 from $25 and keeps a Buy rating on the shares. The firm reiterated a cautious semiconductor and artificial intelligence sector view, but is more constructive on Nvidia (NVDA) and Monolithic Power (MPWR) while more cautious on Tesla (TSLA). A new analysis suggests we may have additional downward pressure to estimates, the analyst tells investors in a research note.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.