TTM Technologies Expects Q1 Revenue of $530M-$570M Vs $555.59M Est, Adj EPS of $0.24-$0.30 Vs $0.27 Est
Portfolio Pulse from Benzinga Newsdesk
TTM Technologies forecasts Q1 2024 revenue to be between $530M-$570M, compared to analysts' expectations of $555.59M. Adjusted EPS is expected to be $0.24-$0.30, against an estimate of $0.27.
February 07, 2024 | 1:04 pm
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TTM Technologies expects Q1 2024 revenue of $530M-$570M, slightly below the $555.59M estimate, and adjusted EPS of $0.24-$0.30, closely aligning with the $0.27 estimate.
TTM Technologies' revenue forecast slightly misses analyst expectations, which could lead to cautious investor sentiment in the short term. However, the adjusted EPS forecast aligns closely with estimates, indicating operational efficiency and potentially mitigating negative impact on the stock price. The mixed nature of this forecast suggests a neutral short-term impact on TTMI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100