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The Trade Desk (TTD) Stock Declines While Market Improves: Some Information for Investors
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The Trade Desk (TTD - Free Report) closed at $14.27 in the latest trading session, marking a -1.55% move from the prior day. This move lagged the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.69%.
The digital-advertising platform operator's stock has climbed by 7.02% in the past month, exceeding the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
The upcoming earnings release of The Trade Desk will be of great interest to investors. The company is expected to report EPS of $0.27, down 40% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $650.67 million, indicating a 12% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.22 per share and a revenue of $2.84 billion, indicating changes of -31.07% and -1.98%, respectively, from the former year.
Any recent changes to analyst estimates for The Trade Desk should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 3.29% fall in the Zacks Consensus EPS estimate. Currently, The Trade Desk is carrying a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that The Trade Desk has a Forward P/E ratio of 12.35 right now. This indicates a discount in contrast to its industry's Forward P/E of 15.73.
It is also worth noting that TTD currently has a PEG ratio of 0.7. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 1.52.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 184, placing it within the bottom 26% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow TTD in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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The Trade Desk (TTD) Stock Declines While Market Improves: Some Information for Investors
The Trade Desk (TTD - Free Report) closed at $14.27 in the latest trading session, marking a -1.55% move from the prior day. This move lagged the S&P 500's daily gain of 1.14%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.69%.
The digital-advertising platform operator's stock has climbed by 7.02% in the past month, exceeding the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
The upcoming earnings release of The Trade Desk will be of great interest to investors. The company is expected to report EPS of $0.27, down 40% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $650.67 million, indicating a 12% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.22 per share and a revenue of $2.84 billion, indicating changes of -31.07% and -1.98%, respectively, from the former year.
Any recent changes to analyst estimates for The Trade Desk should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 3.29% fall in the Zacks Consensus EPS estimate. Currently, The Trade Desk is carrying a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that The Trade Desk has a Forward P/E ratio of 12.35 right now. This indicates a discount in contrast to its industry's Forward P/E of 15.73.
It is also worth noting that TTD currently has a PEG ratio of 0.7. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 1.52.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 184, placing it within the bottom 26% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow TTD in the coming trading sessions, be sure to utilize Zacks.com.