The Trade Desk (TTD - Free Report) closed the most recent trading day at $113.27, moving -0.4% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.82%. At the same time, the Dow lost 2.21%, and the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the digital-advertising platform operator had lost 8.58% over the past month. This has lagged the Computer and Technology sector's loss of 5.96% and the S&P 500's loss of 2.57% in that time.
TTD will be looking to display strength as it nears its next earnings release, which is expected to be February 28, 2019. In that report, analysts expect TTD to post earnings of $0.79 per share. This would mark year-over-year growth of 46.3%. Our most recent consensus estimate is calling for quarterly revenue of $148.18 million, up 44.36% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.39 per share and revenue of $464.99 million. These totals would mark changes of +49.38% and +50.87%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for TTD. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 8.23% higher within the past month. TTD is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, TTD currently has a Forward P/E ratio of 47.59. Its industry sports an average Forward P/E of 31.99, so we one might conclude that TTD is trading at a premium comparatively.
We can also see that TTD currently has a PEG ratio of 2.6. 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. TTD's industry had an average PEG ratio of 2.36 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 97, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.