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What's in the Offing for The Trade Desk's (TTD) Q4 Earnings?
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The Trade Desk (TTD - Free Report) is slated to release fourth-quarter 2021 results on Feb 16.
For the fourth quarter, The Trade Desk expects revenues of at least $388 million, suggesting year-over-year growth of 21%. The company anticipates a surge of 33% in its revenues when excluding the United States’ political election-related spending in the year-ago quarter.
The Zacks Consensus Estimate for the top line is currently pegged at $389.7 million, indicating an improvement of 21.8% from the year-ago reported figure.
The consensus mark for earnings has been unchanged at 29 cents per share over the past 90 days, suggesting a decline of 21.6% from the figure reported in the year-ago quarter.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average earnings surprise being 54.5%.
The Trade Desk’s fourth-quarter top line might have benefited from momentum in programmatic ad buying. The emergence of digital content bolstered the usage of the company’s inventory across all forms of Connected-TV (“CTV”). Strong CTV spending is expected to have continued in the to-be-reported quarter.
Consistent customer retention might have driven the company’s revenues during the quarter to be reported. The Trade Desk’s customer-retention rate has remained more than 95%, as it has for the previous seven years.
Continuous industry-wide collaboration and support for Unified ID 2.0 are likely to have favored The Trade Desk’s fourth-quarter performance.
However, the company estimates stock-based compensation to reach higher than the normal rate in the fourth quarter, consequently might have dented its profitability. The increase can be attributed to approximately $95 million of incremental stock-based compensation expenses related to a long-term CEO performance award.
Additionally, accelerated spending may have weighed on the bottom line in the to-be-reported quarter.
What Our Model Says
Our proven model predicts an earnings beat for The Trade Desk this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That’s the case here.
The Trade Desk currently has Zacks Rank #3 and an Earnings ESP of +6.90%. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Stocks With Favorable Combinations
Per our model, Cushman & Wakefield (CWK - Free Report) , Tempur Sealy International (TPX - Free Report) and Jones Lang LaSalle (JLL - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.
Cushman & Wakefield has a Zacks Rank #1 and an Earnings ESP of +6.45%. The company is scheduled to report fourth-quarter 2021 results on Feb 24. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 110.3%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the fourth-quarter earnings of Cushman & Wakefield is pegged at 62 cents per share, suggesting year-over-year growth of 44.2%. The consensus mark for revenues stands at $2.66 billion, indicating a decline of 17.1% year over year.
Tempur Sealy International is slated to report fourth-quarter 2021 results on Feb 22. The stock has a Zacks Rank #2 and an Earnings ESP of +1.82%. Its earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 22.4%.
The Zacks Consensus Estimate for Tempur Sealy International’s quarterly earnings stands at 96 cents per share, suggesting a year-over-year improvement of 43.3%. Its quarterly revenues are estimated to increase 37.8% year over year to $1.46 billion.
Jones Lang LaSalle has a Zacks Rank #2 and an Earnings ESP of +9.23%. The company is scheduled to report fourth-quarter 2021 results on Feb 28. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 128.7%.
The Zacks Consensus Estimate for Jones Lang LaSalle s’ fourth-quarter earnings is pegged at $6.68 per share, suggesting year-over-year growth of 26.3%. The consensus mark for revenues stands at $5.51 billion, indicating a year-over-year improvement of 13.7%.
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What's in the Offing for The Trade Desk's (TTD) Q4 Earnings?
The Trade Desk (TTD - Free Report) is slated to release fourth-quarter 2021 results on Feb 16.
For the fourth quarter, The Trade Desk expects revenues of at least $388 million, suggesting year-over-year growth of 21%. The company anticipates a surge of 33% in its revenues when excluding the United States’ political election-related spending in the year-ago quarter.
The Zacks Consensus Estimate for the top line is currently pegged at $389.7 million, indicating an improvement of 21.8% from the year-ago reported figure.
The consensus mark for earnings has been unchanged at 29 cents per share over the past 90 days, suggesting a decline of 21.6% from the figure reported in the year-ago quarter.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average earnings surprise being 54.5%.
The Trade Desk Price and EPS Surprise
The Trade Desk price-eps-surprise | The Trade Desk Quote
Factors to Note
The Trade Desk’s fourth-quarter top line might have benefited from momentum in programmatic ad buying. The emergence of digital content bolstered the usage of the company’s inventory across all forms of Connected-TV (“CTV”). Strong CTV spending is expected to have continued in the to-be-reported quarter.
Consistent customer retention might have driven the company’s revenues during the quarter to be reported. The Trade Desk’s customer-retention rate has remained more than 95%, as it has for the previous seven years.
Continuous industry-wide collaboration and support for Unified ID 2.0 are likely to have favored The Trade Desk’s fourth-quarter performance.
However, the company estimates stock-based compensation to reach higher than the normal rate in the fourth quarter, consequently might have dented its profitability. The increase can be attributed to approximately $95 million of incremental stock-based compensation expenses related to a long-term CEO performance award.
Additionally, accelerated spending may have weighed on the bottom line in the to-be-reported quarter.
What Our Model Says
Our proven model predicts an earnings beat for The Trade Desk this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That’s the case here.
The Trade Desk currently has Zacks Rank #3 and an Earnings ESP of +6.90%. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Stocks With Favorable Combinations
Per our model, Cushman & Wakefield (CWK - Free Report) , Tempur Sealy International (TPX - Free Report) and Jones Lang LaSalle (JLL - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.
Cushman & Wakefield has a Zacks Rank #1 and an Earnings ESP of +6.45%. The company is scheduled to report fourth-quarter 2021 results on Feb 24. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 110.3%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the fourth-quarter earnings of Cushman & Wakefield is pegged at 62 cents per share, suggesting year-over-year growth of 44.2%. The consensus mark for revenues stands at $2.66 billion, indicating a decline of 17.1% year over year.
Tempur Sealy International is slated to report fourth-quarter 2021 results on Feb 22. The stock has a Zacks Rank #2 and an Earnings ESP of +1.82%. Its earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 22.4%.
The Zacks Consensus Estimate for Tempur Sealy International’s quarterly earnings stands at 96 cents per share, suggesting a year-over-year improvement of 43.3%. Its quarterly revenues are estimated to increase 37.8% year over year to $1.46 billion.
Jones Lang LaSalle has a Zacks Rank #2 and an Earnings ESP of +9.23%. The company is scheduled to report fourth-quarter 2021 results on Feb 28. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 128.7%.
The Zacks Consensus Estimate for Jones Lang LaSalle s’ fourth-quarter earnings is pegged at $6.68 per share, suggesting year-over-year growth of 26.3%. The consensus mark for revenues stands at $5.51 billion, indicating a year-over-year improvement of 13.7%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.