The Trade Desk (TTD - Free Report) closed the most recent trading day at $127.95, moving +1.07% from the previous trading session. This change outpaced the S&P 500's 0.63% loss on the day. Meanwhile, the Dow lost 0.43%, and the Nasdaq, a tech-heavy index, lost 1.04%.
Coming into today, shares of the digital-advertising platform operator had lost 7.07% in the past month. In that same time, the Computer and Technology sector lost 7.79%, while the S&P 500 lost 6.28%.
Investors will be hoping for strength from TTD as it approaches its next earnings release, which is expected to be November 8, 2018. In that report, analysts expect TTD to post earnings of $0.49 per share. This would mark year-over-year growth of 40%. Our most recent consensus estimate is calling for quarterly revenue of $116.62 million, up 46.86% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $2.16 per share and revenue of $458.20 million. These results would represent year-over-year changes of +35% and +48.66%, respectively.
Any recent changes to analyst estimates for TTD should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.66% higher. TTD currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note TTD's current valuation metrics, including its Forward P/E ratio of 58.53. Its industry sports an average Forward P/E of 35.16, so we one might conclude that TTD is trading at a premium comparatively.
Meanwhile, TTD's PEG ratio is currently 3.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 2.11 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 84, which puts it in the top 33% of all 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.