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Why the Market Dipped But The Trade Desk (TTD) Gained Today
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In the latest trading session, The Trade Desk (TTD - Free Report) closed at $12.08, marking a +1.32% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
The stock of digital-advertising platform operator has fallen by 14.98% in the past month, lagging the Computer and Technology sector's gain of 6.54% and the S&P 500's gain of 1.4%.
The upcoming earnings release of The Trade Desk will be of great interest to investors. It is anticipated that the company will report an EPS of $0.26, marking a 42.22% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $650.67 million, indicating a 12% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.22 per share and revenue of $2.84 billion, indicating changes of -31.07% and -1.98%, respectively, compared to the previous year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, 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 remained stagnant within the past month. The Trade Desk presently features a Zacks Rank of #4 (Sell).
In the context of valuation, The Trade Desk is at present trading with a Forward P/E ratio of 9.75. Its industry sports an average Forward P/E of 15.33, so one might conclude that The Trade Desk is trading at a discount comparatively.
We can also see that TTD currently has a PEG ratio of 0.55. 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. The Internet - Services industry currently had an average PEG ratio of 1.82 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 191, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Why the Market Dipped But The Trade Desk (TTD) Gained Today
In the latest trading session, The Trade Desk (TTD - Free Report) closed at $12.08, marking a +1.32% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
The stock of digital-advertising platform operator has fallen by 14.98% in the past month, lagging the Computer and Technology sector's gain of 6.54% and the S&P 500's gain of 1.4%.
The upcoming earnings release of The Trade Desk will be of great interest to investors. It is anticipated that the company will report an EPS of $0.26, marking a 42.22% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $650.67 million, indicating a 12% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.22 per share and revenue of $2.84 billion, indicating changes of -31.07% and -1.98%, respectively, compared to the previous year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, 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 remained stagnant within the past month. The Trade Desk presently features a Zacks Rank of #4 (Sell).
In the context of valuation, The Trade Desk is at present trading with a Forward P/E ratio of 9.75. Its industry sports an average Forward P/E of 15.33, so one might conclude that The Trade Desk is trading at a discount comparatively.
We can also see that TTD currently has a PEG ratio of 0.55. 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. The Internet - Services industry currently had an average PEG ratio of 1.82 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 191, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.