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) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
The Trade Desk (TTD - Free Report) closed the most recent trading day at $78.29, moving -0.97% from the previous trading session. This change lagged the S&P 500's daily loss of 0.94%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 1.53%.
Coming into today, shares of the digital-advertising platform operator had gained 5.99% in the past month. In that same time, the Computer and Technology sector gained 3.69%, while the S&P 500 gained 1.85%.
Wall Street will be looking for positivity from The Trade Desk as it approaches its next earnings report date. In that report, analysts expect The Trade Desk to post earnings of $0.29 per share. This would mark year-over-year growth of 11.54%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $486.72 million, up 23.29% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $1.95 billion. These results would represent year-over-year changes of +20.19% and +23.35%, respectively.
Investors might also notice recent changes to analyst estimates for The Trade Desk. Recent revisions tend to reflect the latest 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. Within the past 30 days, our consensus EPS projection has moved 1.82% higher. The Trade Desk currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, The Trade Desk is holding a Forward P/E ratio of 63.47. Its industry sports an average Forward P/E of 31, so we one might conclude that The Trade Desk is trading at a premium comparatively.
It is also worth noting that TTD currently has a PEG ratio of 2.64. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 1.85 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 111, putting it in the top 45% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Trade Desk (TTD) Dips More Than Broader Markets: What You Should Know
The Trade Desk (TTD - Free Report) closed the most recent trading day at $78.29, moving -0.97% from the previous trading session. This change lagged the S&P 500's daily loss of 0.94%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 1.53%.
Coming into today, shares of the digital-advertising platform operator had gained 5.99% in the past month. In that same time, the Computer and Technology sector gained 3.69%, while the S&P 500 gained 1.85%.
Wall Street will be looking for positivity from The Trade Desk as it approaches its next earnings report date. In that report, analysts expect The Trade Desk to post earnings of $0.29 per share. This would mark year-over-year growth of 11.54%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $486.72 million, up 23.29% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $1.95 billion. These results would represent year-over-year changes of +20.19% and +23.35%, respectively.
Investors might also notice recent changes to analyst estimates for The Trade Desk. Recent revisions tend to reflect the latest 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. Within the past 30 days, our consensus EPS projection has moved 1.82% higher. The Trade Desk currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, The Trade Desk is holding a Forward P/E ratio of 63.47. Its industry sports an average Forward P/E of 31, so we one might conclude that The Trade Desk is trading at a premium comparatively.
It is also worth noting that TTD currently has a PEG ratio of 2.64. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 1.85 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 111, putting it in the top 45% 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.