TTM Technologies, Inc. (NASDAQ:TTMI) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 08, 2017. The stock added about 19.7 percent in price since last results when it was at $11.36 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 16 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 0 time.
Here’s how traders responded to TTMI earnings announcements over the past few quarters.
TTM Technologies, Inc. (TTMI) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 29.01 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.36 which beat the consensus $0.32 projection (positive surprise of12.5%. For the quarter, revenue came in at 641.72M versus consensus estimate of 641.47M. The stock gained 20.07 percent the session following the earnings reports were released, and on 7th day price change was 16.29 percent.
On July 27, 2016, it reported earnings at $0.27 a share compared with the consensus estimate of $0.19 per share (positive surprise of 42.11%). Revenue of 601.85M for that quarter was above the $601.48M analysts had expected. The stock climbed 12.47% the day following the earnings announcement, and on 7th day price change was 20.71%.
On April 27, 2016, it recorded $0.12 a share in earnings which topped the consensus estimate of $0.07 (positive surprise of 71.43%). Revenue for the quarter was $583.26M while analysts called for revenues to be $584.97M. The stock dropped -0.76% the day following the earnings data was made public, and on 7th day price change was -3.33%.
On February 4, 2016, it announced earnings per share at $0.09 versus the consensus estimate of $0.1 per share (negative surprise of -10%). That came on revenues of $668.87M for that period. Analysts had expected $655.37M in revenue.
TTM Technologies, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.24. The analysts’ present consensus range is $0.22-$0.25 for EPS. The market consensus range for revenue is between $597.7M and $616.4M, with an average of $607.05M.
TTM Technologies, Inc. (NASDAQ:TTMI) last ended at $13.89, sending the company’s market cap near $1.42B. The consensus 12-month price target from analysts covering the stock is $15. The share price has declined -7.4% from its top level in 52 weeks and dropped 1.91% this year. It recently traded at a volume of 1863038 shares. The recent trading ended with the price nearly 0.8 higher for the last 5 trading days, rebounding 197.43% from its 52-week low.