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The Trade Desk (TTD) Dips More Than Broader Markets: What You Should Know
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The Trade Desk (TTD - Free Report) closed the most recent trading day at $61.44, moving -1.71% from the previous trading session. This move lagged the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 1.39%.
Coming into today, shares of the digital-advertising platform operator had gained 6.6% in the past month. In that same time, the Computer and Technology sector lost 1.64%, while the S&P 500 lost 0.68%.
Investors will be hoping for strength from The Trade Desk as it approaches its next earnings release, which is expected to be May 10, 2023. In that report, analysts expect The Trade Desk to post earnings of $0.13 per share. This would mark a year-over-year decline of 38.1%. Our most recent consensus estimate is calling for quarterly revenue of $364.85 million, up 15.71% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $1.16 per share and revenue of $1.89 billion. These results would represent year-over-year changes of +11.54% and +19.65%, respectively.
Investors might also notice recent changes to analyst estimates for The Trade Desk. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. The Trade Desk currently has a Zacks Rank of #3 (Hold).
Digging into valuation, The Trade Desk currently has a Forward P/E ratio of 53.81. This represents a premium compared to its industry's average Forward P/E of 23.18.
We can also see that TTD currently has a PEG ratio of 2.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. TTD's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 114, putting it in the top 46% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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The Trade Desk (TTD) Dips More Than Broader Markets: What You Should Know
The Trade Desk (TTD - Free Report) closed the most recent trading day at $61.44, moving -1.71% from the previous trading session. This move lagged the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 1.39%.
Coming into today, shares of the digital-advertising platform operator had gained 6.6% in the past month. In that same time, the Computer and Technology sector lost 1.64%, while the S&P 500 lost 0.68%.
Investors will be hoping for strength from The Trade Desk as it approaches its next earnings release, which is expected to be May 10, 2023. In that report, analysts expect The Trade Desk to post earnings of $0.13 per share. This would mark a year-over-year decline of 38.1%. Our most recent consensus estimate is calling for quarterly revenue of $364.85 million, up 15.71% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $1.16 per share and revenue of $1.89 billion. These results would represent year-over-year changes of +11.54% and +19.65%, respectively.
Investors might also notice recent changes to analyst estimates for The Trade Desk. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. The Trade Desk currently has a Zacks Rank of #3 (Hold).
Digging into valuation, The Trade Desk currently has a Forward P/E ratio of 53.81. This represents a premium compared to its industry's average Forward P/E of 23.18.
We can also see that TTD currently has a PEG ratio of 2.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. TTD's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 114, putting it in the top 46% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.