We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Trade Desk (TTD) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
The Trade Desk (TTD - Free Report) closed at $22.76 in the latest trading session, marking a +1.7% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.36%.
The stock of digital-advertising platform operator has fallen by 4.97% in the past month, lagging the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
Market participants will be closely following the financial results of The Trade Desk in its upcoming release. The company is expected to report EPS of $0.32, down 3.03% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $679.26 million, indicating a 10.27% upward movement from the same quarter last year.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $2.06 per share and revenue of $3.27 billion. These results would represent year-over-year changes of +16.38% and +12.75%, respectively.
It is also important to note the recent changes to analyst estimates for The Trade Desk. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.11% downward. Right now, The Trade Desk possesses a Zacks Rank of #3 (Hold).
In the context of valuation, The Trade Desk is at present trading with a Forward P/E ratio of 10.85. This indicates a discount in contrast to its industry's Forward P/E of 14.1.
Investors should also note that TTD has a PEG ratio of 0.55 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TTD's industry had an average PEG ratio of 2.07 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 180, which puts it in the bottom 27% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
The Trade Desk (TTD) Outperforms Broader Market: What You Need to Know
The Trade Desk (TTD - Free Report) closed at $22.76 in the latest trading session, marking a +1.7% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.36%.
The stock of digital-advertising platform operator has fallen by 4.97% in the past month, lagging the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
Market participants will be closely following the financial results of The Trade Desk in its upcoming release. The company is expected to report EPS of $0.32, down 3.03% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $679.26 million, indicating a 10.27% upward movement from the same quarter last year.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $2.06 per share and revenue of $3.27 billion. These results would represent year-over-year changes of +16.38% and +12.75%, respectively.
It is also important to note the recent changes to analyst estimates for The Trade Desk. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.11% downward. Right now, The Trade Desk possesses a Zacks Rank of #3 (Hold).
In the context of valuation, The Trade Desk is at present trading with a Forward P/E ratio of 10.85. This indicates a discount in contrast to its industry's Forward P/E of 14.1.
Investors should also note that TTD has a PEG ratio of 0.55 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TTD's industry had an average PEG ratio of 2.07 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 180, which puts it in the bottom 27% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.