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The Trade Desk (TTD) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, The Trade Desk (TTD - Free Report) closed at $47.03, marking a +0.71% move from the previous day. This move outpaced the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 1.1%.
Prior to today's trading, shares of the digital-advertising platform operator had lost 0.17% over the past month. This has was narrower than the Computer and Technology sector's loss of 0.9% and lagged the S&P 500's loss of 0.01% in that time.
Investors will be hoping for strength from The Trade Desk as it approaches its next earnings release. In that report, analysts expect The Trade Desk to post earnings of $0.37 per share. This would mark a year-over-year decline of 11.9%. Meanwhile, our latest consensus estimate is calling for revenue of $492.73 million, up 24.55% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for The Trade Desk. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.2% lower within the past month. The Trade Desk currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that The Trade Desk has a Forward P/E ratio of 42.07 right now. For comparison, its industry has an average Forward P/E of 23.92, which means The Trade Desk is trading at a premium to the group.
Meanwhile, TTD's PEG ratio is currently 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Services was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 141, putting it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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The Trade Desk (TTD) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, The Trade Desk (TTD - Free Report) closed at $47.03, marking a +0.71% move from the previous day. This move outpaced the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 1.1%.
Prior to today's trading, shares of the digital-advertising platform operator had lost 0.17% over the past month. This has was narrower than the Computer and Technology sector's loss of 0.9% and lagged the S&P 500's loss of 0.01% in that time.
Investors will be hoping for strength from The Trade Desk as it approaches its next earnings release. In that report, analysts expect The Trade Desk to post earnings of $0.37 per share. This would mark a year-over-year decline of 11.9%. Meanwhile, our latest consensus estimate is calling for revenue of $492.73 million, up 24.55% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for The Trade Desk. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.2% lower within the past month. The Trade Desk currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that The Trade Desk has a Forward P/E ratio of 42.07 right now. For comparison, its industry has an average Forward P/E of 23.92, which means The Trade Desk is trading at a premium to the group.
Meanwhile, TTD's PEG ratio is currently 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Services was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 141, putting it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.