Is TTM (TTMI) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates involves navigating inherent risks and volatility [1] Group 1: Company Overview - TTM Technologies (TTMI) is currently highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 14.5%, with projected EPS growth of 37.2% this year, significantly surpassing the industry average of 21.2% [4] Group 2: Financial Metrics - TTM's asset utilization ratio stands at 0.78, indicating that the company generates $0.78 in sales for every dollar in assets, which is higher than the industry average of 0.74 [5] - The company's sales are expected to grow by 18.1% this year, compared to an industry average of 0% [6] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for TTM, with the Zacks Consensus Estimate for the current year increasing by 1.5% over the past month [8] - TTM has achieved a Growth Score of B and a Zacks Rank 2, indicating its potential as a strong choice for growth investors [10]