We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Trade Desk (TTD) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, The Trade Desk (TTD - Free Report) closed at $88, marking a +1.14% move from the previous day. This move outpaced the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 5.8%.
Heading into today, shares of the digital-advertising platform operator had gained 12.6% over the past month, outpacing the Computer and Technology sector's gain of 3.39% and the S&P 500's gain of 3.39% in that time.
The Trade Desk will be looking to display strength as it nears its next earnings release. In that report, analysts expect The Trade Desk to post earnings of $0.26 per share. This would mark year-over-year growth of 30%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $453.83 million, up 20.39% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $1.93 billion. These results would represent year-over-year changes of +20.19% and +22.03%, respectively.
It is also important to note the recent changes to analyst estimates for The Trade Desk. These recent revisions tend to reflect the evolving nature of short-term business trends. 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.
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 remained stagnant within the past month. The Trade Desk is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, The Trade Desk currently has a Forward P/E ratio of 69.79. For comparison, its industry has an average Forward P/E of 31, which means The Trade Desk is trading at a premium to the group.
Investors should also note that TTD has a PEG ratio of 2.91 right now. 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. TTD's industry had an average PEG ratio of 1.79 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 74, putting it in the top 30% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Trade Desk (TTD) Gains As Market Dips: What You Should Know
In the latest trading session, The Trade Desk (TTD - Free Report) closed at $88, marking a +1.14% move from the previous day. This move outpaced the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 5.8%.
Heading into today, shares of the digital-advertising platform operator had gained 12.6% over the past month, outpacing the Computer and Technology sector's gain of 3.39% and the S&P 500's gain of 3.39% in that time.
The Trade Desk will be looking to display strength as it nears its next earnings release. In that report, analysts expect The Trade Desk to post earnings of $0.26 per share. This would mark year-over-year growth of 30%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $453.83 million, up 20.39% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $1.93 billion. These results would represent year-over-year changes of +20.19% and +22.03%, respectively.
It is also important to note the recent changes to analyst estimates for The Trade Desk. These recent revisions tend to reflect the evolving nature of short-term business trends. 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.
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 remained stagnant within the past month. The Trade Desk is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, The Trade Desk currently has a Forward P/E ratio of 69.79. For comparison, its industry has an average Forward P/E of 31, which means The Trade Desk is trading at a premium to the group.
Investors should also note that TTD has a PEG ratio of 2.91 right now. 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. TTD's industry had an average PEG ratio of 1.79 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 74, putting it in the top 30% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.