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The Trade Desk (TTD) Outpaces Stock Market Gains: What You Should Know
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The Trade Desk (TTD - Free Report) closed the most recent trading day at $78.32, moving +0.22% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.01%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.67%.
Coming into today, shares of the digital-advertising platform operator had lost 2.23% in the past month. In that same time, the Computer and Technology sector lost 4.63%, while the S&P 500 lost 4.45%.
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 $0.29 per share. This would mark year-over-year growth of 11.54%. Meanwhile, our latest consensus estimate is calling for revenue of $486.72 million, up 23.29% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.25 per share and revenue of $1.95 billion. These totals would mark changes of +20.19% and +23.35%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for The Trade Desk. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. 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).
Valuation is also important, so investors should note that The Trade Desk has a Forward P/E ratio of 62.74 right now. This valuation marks a premium compared to its industry's average Forward P/E of 27.49.
We can also see that TTD currently has a PEG ratio of 2.61. 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 1.85 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 89, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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The Trade Desk (TTD) Outpaces Stock Market Gains: What You Should Know
The Trade Desk (TTD - Free Report) closed the most recent trading day at $78.32, moving +0.22% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.01%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.67%.
Coming into today, shares of the digital-advertising platform operator had lost 2.23% in the past month. In that same time, the Computer and Technology sector lost 4.63%, while the S&P 500 lost 4.45%.
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 $0.29 per share. This would mark year-over-year growth of 11.54%. Meanwhile, our latest consensus estimate is calling for revenue of $486.72 million, up 23.29% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.25 per share and revenue of $1.95 billion. These totals would mark changes of +20.19% and +23.35%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for The Trade Desk. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. 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).
Valuation is also important, so investors should note that The Trade Desk has a Forward P/E ratio of 62.74 right now. This valuation marks a premium compared to its industry's average Forward P/E of 27.49.
We can also see that TTD currently has a PEG ratio of 2.61. 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 1.85 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 89, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.