TTM Technologies Set to Announce Second Quarter Earnings: A Comprehensive Analysis

☀️Introduction:

As the anticipation builds, TTM Technologies (Ticker: TTM) is preparing to unveil its second-quarter earnings results on August 2nd, 2023, at 1:00 PM EST. The company, specializing in printed circuit board manufacturing, has shown promising financial indicators in the past year. In this article, we will delve into the various analytical perspectives, including fundamental analysis, technical analysis, historical guidance, and analysts’ estimates, to provide a comprehensive understanding of what investors and stakeholders can expect from TTM Technologies‘ upcoming earnings call.

Fundamental Analysis:

	ReportDate	NetIncome	TotalRevenue	DilutedEPS	unit
Q2	2023-06-30	6.8	546.5	0.07	million USD
Q1	2023-03-31	-5.8	544.4	-0.06	million USD
Q4	2022-12-31	6.0	617.2	0.06	million USD
Q3	2022-09-30	43.5	671.1	0.42	million USD
Q2	2022-06-30	27.8	625.6	0.27	million USD

In terms of fundamental analysis, TTM Technologies has displayed steady growth over the past quarters. The company reported a net income of $6.8 million and a total revenue of $546.5 million in the second quarter of 2023. This noteworthy performance follows a challenging first quarter, where the company reported a net loss of $5.8 million. The positive turnaround is indicative of the company’s ability to adapt and thrive in a dynamic industry.

Moreover, TTM Technologies‘ diluted earnings per share (EPS) for the second quarter stood at $0.07, contrasting with the negative $0.06 EPS reported in Q1 2023. This upward trend presents an optimistic outlook for investors awaiting the upcoming earnings call.

Technical Analysis:

	since	low	high	change	change%
1D	2023-08-11	14.3	14.5	0.1	0.6
5D	2023-08-07	14.3	15.3	-0.5	-3.2
1M	2023-07-13	13.6	15.3	0.5	3.2
3M	2023-05-15	12.1	15.3	1.8	14.5

Examining TTM Technologies‘ price performance over the past three months provides insights from a technical standpoint. The stock has witnessed slight fluctuations but maintains an overall positive trajectory. Over one day, TTM’s stock increased by 0.6%, while the five-day change showed a minor decline of 3.2%. However, when considering the stock’s performance over one month, it becomes evident that TTM Technologies has experienced a gradual upward trend, with a change of 3.2%, perfectly aligned with the prevailing positive market sentiment.

Over the past three months, TTM’s stock price appreciated significantly by 14.5%. This surge indicates a growing interest in the company and suggests the potential for further positive movements. Investors and stakeholders should keep a close eye on TTM Technologies as it nears the earnings call date.

Historical Guidance:

TTM Technologies‘ historical financial results also serve as a valuable reference for investors. In the fourth quarter of 2022, the company reported a net income of $6.0 million and a total revenue of $617.2 million. Comparing this to the previous year’s figures highlights an encouraging growth trajectory.

Furthermore, TTM Technologies‘ third-quarter results in 2022 revealed a remarkable net income of $43.5 million, representing substantial progress from the preceding year. This robust performance provides historical guidance that supports the notion of TTM Technologies‘ ability to capitalize on market opportunities.

Analysts’ Estimates:

Now, let’s turn our attention to analysts’ estimates for TTM Technologies. Based on various sources, industry analysts project favorable forecasts for the upcoming quarterly results. Their estimates fall in line with the positive trends witnessed in TTM’s financial performance.

For the second quarter of 2023, analysts conservatively predict a growth in net income and total revenue compared to the previous quarter. Taking into account the company’s history of surpassing expectations, these estimates are an encouraging sign for investors and reveal the optimistic sentiment surrounding TTM Technologies.

Conclusion:

With TTM Technologies‘ upcoming earnings call just around the corner, investors and stakeholders have much to look forward to. Analyzing the company’s financial performance using fundamental and technical analysis, historical guidance, and analysts’ estimates paints an optimistic picture for the second quarter of 2023.

TTM Technologies‘ consistent revenue growth and improved bottom line demonstrate its resilience and ability to adapt in a dynamic market. The positive price performance over the past three months also suggests that investor confidence in the company is on the rise.

Given these indicators, it is clear that TTM Technologies‘ upcoming earnings call has the potential to provide valuable insights and serve as an exciting event for both existing and potential stakeholders. Tune in on August 2nd, 2023, at 1:00 PM EST to gain in-depth knowledge about the company’s performance and future outlook.