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The Trade Desk (TTD) Gains But Lags Market: What You Should Know
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The Trade Desk (TTD - Free Report) closed the most recent trading day at $60.45, moving +0.43% from the previous trading session. This change lagged the S&P 500's 0.56% gain on the day. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 1.35%.
Coming into today, shares of the digital-advertising platform operator had gained 7% in the past month. In that same time, the Computer and Technology sector gained 6.41%, while the S&P 500 lost 1.48%.
Investors will be hoping for strength from The Trade Desk as it approaches its next earnings release. On that day, The Trade Desk is projected to report earnings of $0.14 per share, which would represent a year-over-year decline of 33.33%. Meanwhile, our latest consensus estimate is calling for revenue of $363.74 million, up 15.35% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.16 per share and revenue of $1.88 billion, which would represent changes of +11.54% and +19.24%, respectively, from the prior year.
Any recent changes to analyst estimates for The Trade Desk should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. The Trade Desk is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note The Trade Desk's current valuation metrics, including its Forward P/E ratio of 52.08. This represents a premium compared to its industry's average Forward P/E of 27.88.
Also, we should mention that TTD has a PEG ratio of 2.17. 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 was holding an average PEG ratio of 1.46 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% 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.
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The Trade Desk (TTD) Gains But Lags Market: What You Should Know
The Trade Desk (TTD - Free Report) closed the most recent trading day at $60.45, moving +0.43% from the previous trading session. This change lagged the S&P 500's 0.56% gain on the day. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 1.35%.
Coming into today, shares of the digital-advertising platform operator had gained 7% in the past month. In that same time, the Computer and Technology sector gained 6.41%, while the S&P 500 lost 1.48%.
Investors will be hoping for strength from The Trade Desk as it approaches its next earnings release. On that day, The Trade Desk is projected to report earnings of $0.14 per share, which would represent a year-over-year decline of 33.33%. Meanwhile, our latest consensus estimate is calling for revenue of $363.74 million, up 15.35% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.16 per share and revenue of $1.88 billion, which would represent changes of +11.54% and +19.24%, respectively, from the prior year.
Any recent changes to analyst estimates for The Trade Desk should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. The Trade Desk is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note The Trade Desk's current valuation metrics, including its Forward P/E ratio of 52.08. This represents a premium compared to its industry's average Forward P/E of 27.88.
Also, we should mention that TTD has a PEG ratio of 2.17. 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 was holding an average PEG ratio of 1.46 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% 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.