The Trade Desk (TTD - Free Report) is set to release its third-quarter 2022 results on Nov 9.
For the third quarter, the company expects revenues of at least $385 million, indicating growth of 28% year over year.
The Zacks Consensus Estimate for the top line is currently pegged at $385.83 million, indicating 28.14% growth from the year-ago quarter’s reported figure.
The consensus mark for earnings has increased by a penny to 24 cents per share over the past 30 days, suggesting 33.33% growth from the figure reported in the year-ago quarter.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing once, delivering an earnings surprise of 20.96%, on average.
Let’s see how things have shaped up prior to this announcement:
Factors to Consider
The Trade Desk’s top line, in the third quarter, is expected to have benefited from the momentum in programmatic ad buying. Steady Connected-TV spending is expected to have continued in the to-be-reported quarter.
Consistent customer retention is expected to have perked up the company’s revenues during the quarter. The Trade Desk’s customer-retention rate has remained at more than 95% in the recent period.
The growing adoption of UID2 bodes well for The Trade Desk. Moreover, an expanding partner base that includes the likes of Disney, Amazon’s cloud arm Amazon Web Services and Experian is noteworthy.
Integration of leading retailers like Walgreens, Albertsons and Target within The Trade Desk’s Solimar platform has been driving utilization growth from both endemic and non-endemic advertisers.
However, a challenging macro environment in Europe is expected to have hurt The Trade Desk’s top and bottom-line growth in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
The Trade Desk has an Earnings ESP of +2.13% and carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some companies worth considering, as our model shows that these too have the right combination of elements to beat on earnings this reporting cycle:
New Relic has an Earnings ESP of +50.00% and carries a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
New Relic shares are down 51.8% year to date. NEWR is set to report its second-quarter fiscal 2022 results on Nov 8.
Ringcentral (RNG - Free Report) has an Earnings ESP of +2.74% and a Zacks Rank #3.
Ringcentral shares have declined 84.1% on a year-to-date basis. The company is set to report its third-quarter 2022 results on Nov 9.
Upstart (UPST - Free Report) has an Earnings ESP of +42.86% and a Zacks Rank #3.
Upstart shares are down 87.2% year to date. UPST is set to report its third-quarter 2022 results on Nov 8.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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The Trade Desk (TTD - Free Report) is set to release its third-quarter 2022 results on Nov 9.
For the third quarter, the company expects revenues of at least $385 million, indicating growth of 28% year over year.
The Zacks Consensus Estimate for the top line is currently pegged at $385.83 million, indicating 28.14% growth from the year-ago quarter’s reported figure.
The consensus mark for earnings has increased by a penny to 24 cents per share over the past 30 days, suggesting 33.33% growth from the figure reported in the year-ago quarter.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing once, delivering an earnings surprise of 20.96%, on average.
Let’s see how things have shaped up prior to this announcement:
Factors to Consider
The Trade Desk’s top line, in the third quarter, is expected to have benefited from the momentum in programmatic ad buying. Steady Connected-TV spending is expected to have continued in the to-be-reported quarter.
Consistent customer retention is expected to have perked up the company’s revenues during the quarter. The Trade Desk’s customer-retention rate has remained at more than 95% in the recent period.
The growing adoption of UID2 bodes well for The Trade Desk. Moreover, an expanding partner base that includes the likes of Disney, Amazon’s cloud arm Amazon Web Services and Experian is noteworthy.
Integration of leading retailers like Walgreens, Albertsons and Target within The Trade Desk’s Solimar platform has been driving utilization growth from both endemic and non-endemic advertisers.
However, a challenging macro environment in Europe is expected to have hurt The Trade Desk’s top and bottom-line growth in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
The Trade Desk has an Earnings ESP of +2.13% and carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some companies worth considering, as our model shows that these too have the right combination of elements to beat on earnings this reporting cycle:
New Relic has an Earnings ESP of +50.00% and carries a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
New Relic shares are down 51.8% year to date. NEWR is set to report its second-quarter fiscal 2022 results on Nov 8.
Ringcentral (RNG - Free Report) has an Earnings ESP of +2.74% and a Zacks Rank #3.
Ringcentral shares have declined 84.1% on a year-to-date basis. The company is set to report its third-quarter 2022 results on Nov 9.
Upstart (UPST - Free Report) has an Earnings ESP of +42.86% and a Zacks Rank #3.
Upstart shares are down 87.2% year to date. UPST is set to report its third-quarter 2022 results on Nov 8.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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