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The Trade Desk (TTD) Exceeds Market Returns: Some Facts to Consider
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The Trade Desk (TTD - Free Report) closed at $19.31 in the latest trading session, marking a +1.1% move from the prior day. This change outpaced the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
Coming into today, shares of the digital-advertising platform operator had lost 4.26% in the past month. In that same time, the Computer and Technology sector lost 6.12%, while the S&P 500 lost 0.9%.
The upcoming earnings release of The Trade Desk will be of great interest to investors. In that report, analysts expect The Trade Desk to post earnings of $0.41 per share. This would mark no growth from the year-ago period. Meanwhile, the latest consensus estimate predicts the revenue to be $751.58 million, indicating a 8.29% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.88 per share and revenue of $3.18 billion. These totals would mark changes of +6.21% and +9.82%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for The Trade Desk. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.14% higher. The Trade Desk currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, The Trade Desk is currently exchanging hands at a Forward P/E ratio of 10.16. This signifies a discount in comparison to the average Forward P/E of 15.37 for its industry.
One should further note that TTD currently holds a PEG ratio of 0.58. 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. Internet - Services stocks are, on average, holding a PEG ratio of 1.6 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 107, this industry ranks in the top 44% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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The Trade Desk (TTD) Exceeds Market Returns: Some Facts to Consider
The Trade Desk (TTD - Free Report) closed at $19.31 in the latest trading session, marking a +1.1% move from the prior day. This change outpaced the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
Coming into today, shares of the digital-advertising platform operator had lost 4.26% in the past month. In that same time, the Computer and Technology sector lost 6.12%, while the S&P 500 lost 0.9%.
The upcoming earnings release of The Trade Desk will be of great interest to investors. In that report, analysts expect The Trade Desk to post earnings of $0.41 per share. This would mark no growth from the year-ago period. Meanwhile, the latest consensus estimate predicts the revenue to be $751.58 million, indicating a 8.29% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.88 per share and revenue of $3.18 billion. These totals would mark changes of +6.21% and +9.82%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for The Trade Desk. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.14% higher. The Trade Desk currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, The Trade Desk is currently exchanging hands at a Forward P/E ratio of 10.16. This signifies a discount in comparison to the average Forward P/E of 15.37 for its industry.
One should further note that TTD currently holds a PEG ratio of 0.58. 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. Internet - Services stocks are, on average, holding a PEG ratio of 1.6 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 107, this industry ranks in the top 44% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.