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The Trade Desk (TTD) Declines More Than Market: Some Information for Investors
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The Trade Desk (TTD - Free Report) ended the recent trading session at $21.28, demonstrating a -2.12% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.67%. At the same time, the Dow lost 1.73%, and the tech-heavy Nasdaq lost 2.15%.
The stock of digital-advertising platform operator has fallen by 9.23% in the past month, lagging the Computer and Technology sector's loss of 7.41% and the S&P 500's loss of 6.15%.
Investors will be eagerly watching for the performance of The Trade Desk in its upcoming earnings disclosure. In that report, analysts expect The Trade Desk to post earnings of $0.33 per share. This would mark no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $679.26 million, up 10.27% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $2.08 per share and revenue of $3.27 billion. These results would represent year-over-year changes of +17.51% and +12.86%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for The Trade Desk. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 2.75% higher within the past month. Right now, The Trade Desk possesses a Zacks Rank of #3 (Hold).
Looking at valuation, The Trade Desk is presently trading at a Forward P/E ratio of 10.45. This signifies a discount in comparison to the average Forward P/E of 15.51 for its industry.
One should further note that TTD currently holds a PEG ratio of 0.53. 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 industry currently had an average PEG ratio of 1.64 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 175, which puts it in the bottom 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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The Trade Desk (TTD) Declines More Than Market: Some Information for Investors
The Trade Desk (TTD - Free Report) ended the recent trading session at $21.28, demonstrating a -2.12% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.67%. At the same time, the Dow lost 1.73%, and the tech-heavy Nasdaq lost 2.15%.
The stock of digital-advertising platform operator has fallen by 9.23% in the past month, lagging the Computer and Technology sector's loss of 7.41% and the S&P 500's loss of 6.15%.
Investors will be eagerly watching for the performance of The Trade Desk in its upcoming earnings disclosure. In that report, analysts expect The Trade Desk to post earnings of $0.33 per share. This would mark no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $679.26 million, up 10.27% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $2.08 per share and revenue of $3.27 billion. These results would represent year-over-year changes of +17.51% and +12.86%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for The Trade Desk. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 2.75% higher within the past month. Right now, The Trade Desk possesses a Zacks Rank of #3 (Hold).
Looking at valuation, The Trade Desk is presently trading at a Forward P/E ratio of 10.45. This signifies a discount in comparison to the average Forward P/E of 15.51 for its industry.
One should further note that TTD currently holds a PEG ratio of 0.53. 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 industry currently had an average PEG ratio of 1.64 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 175, which puts it in the bottom 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.