Looking for a Growth Stock? 3 Reasons Why TTM (TTMI) is a Solid Choice

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, but identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - TTM Technologies (TTMI) is currently highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive as it signals strong future prospects [4] - TTM's historical EPS growth rate stands at 14.5%, with projected EPS growth of 26.8% this year, surpassing the industry average of 23.9% [5] Group 3: Asset Utilization and Sales Growth - TTM's asset utilization ratio (sales-to-total-assets ratio) is 0.78, indicating higher efficiency in generating sales compared to the industry average of 0.72 [6] - The company's sales are expected to grow by 11.5% this year, significantly outpacing the industry average of 4.9% [7] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions are crucial, with TTM experiencing an 8.6% increase in current-year earnings estimates over the past month [8] Group 5: Overall Positioning - TTM has achieved a Growth Score of B and a Zacks Rank 1 due to favorable earnings estimate revisions, positioning it well for potential outperformance in the growth stock category [10]