TTM Technologies, Inc. (TTMI) Hits Fresh High: Is There Still Room to Run?

Company Performance - TTM Technologies (TTMI) has seen a significant stock increase of 6.9% over the past month, reaching a new 52-week high of $73.4, and has gained 194.3% since the start of the year, outperforming the Zacks Computer and Technology sector's 28.1% gain and the Zacks Electronics - Miscellaneous Components industry's 50.3% return [1] - The company has a strong record of positive earnings surprises, beating the Zacks Consensus Estimate in each of the last four quarters, with the latest EPS reported at $0.67 against a consensus estimate of $0.61 [2] Earnings Projections - For the current fiscal year, TTM is expected to post earnings of $2.44 per share on revenues of $2.88 billion, reflecting a 42.69% change in EPS and an 18.08% change in revenues [3] - For the next fiscal year, the expected earnings are $2.87 per share on revenues of $3.15 billion, indicating a year-over-year change of 17.89% in EPS and 9.26% in revenues [3] Valuation Metrics - TTM currently trades at 29.9X current fiscal year EPS estimates, which is a premium compared to the peer industry average of 28.2X, and on a trailing cash flow basis, it trades at 24.7X versus the peer group's average of 16.5X [6] - The stock has a Value Score of C, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of B [6] Zacks Rank - TTM holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, meeting the criteria for investors looking for stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B [7] Industry Comparison - The Electronics - Miscellaneous Components industry is positioned in the top 26% of all industries, indicating favorable conditions for both TTM and its peer, Allient Inc. (ALNT), which has a Zacks Rank of 1 (Strong Buy) [10]