How did TTMI's Q4 earnings surprise impact investor confidence?

TTMI's Q4 earnings surprise had a positive impact on investor confidence, as evidenced by the company's consistent performance in exceeding earnings and revenue estimates over the past quarters.

1. **Consistent Performance**: TTM Technologies has consistently beaten earnings and revenue estimates, which is a strong indicator of the company's financial health and stability. This consistency likely contributed to increased investor confidence, as it demonstrates the company's ability to perform well during challenging market conditions.
2. **Earnings Surprise**: The earnings surprise in Q4, where the company reported earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.47 per share, would have likely led to a positive reaction from investors. This surprise can lead to increased investor confidence, as it indicates that the company's management is executing effectively and generating better-than-expected results.
3. **Market Reaction**: The market's reaction to the earnings announcements, such as the positive news articles and the increase in the company's stock price, suggests that investor confidence was indeed boosted by the earnings surprises. Investors tend to view earnings surprises as a sign of a company's growth potential and profitability, which can lead to increased confidence in the company's future performance.
4. **Comparative Analysis**: When compared to the previous year's earnings of $0.41 per share, the current earnings of $0.60 per share represent a significant increase, which would further bolster investor confidence in the company's ability to grow and generate profits.

In conclusion, TTMI's Q4 earnings surprise, along with its consistent performance in exceeding estimates, would have likely led to increased investor confidence in the company's financial health, growth potential, and management's execution capabilities.