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Is The Trade Desk (TTD) Outperforming Other Computer and Technology Stocks This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has The Trade Desk (TTD - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The Trade Desk is a member of our Computer and Technology group, which includes 623 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TTD is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TTD has moved about 240.59% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 12.09% on a year-to-date basis. This means that The Trade Desk is performing better than its sector in terms of year-to-date returns.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 43 individual companies and currently sits at #149 in the Zacks Industry Rank. This group has lost an average of 6.62% so far this year, so TTD is performing better in this area.
TTD will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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Is The Trade Desk (TTD) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has The Trade Desk (TTD - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
The Trade Desk is a member of our Computer and Technology group, which includes 623 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TTD is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TTD's full-year earnings has moved 1.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, TTD has moved about 240.59% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 12.09% on a year-to-date basis. This means that The Trade Desk is performing better than its sector in terms of year-to-date returns.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 43 individual companies and currently sits at #149 in the Zacks Industry Rank. This group has lost an average of 6.62% so far this year, so TTD is performing better in this area.
TTD will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.