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The Trade Desk (TTD) Stock Moves -1.78%: What You Should Know
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The Trade Desk (TTD - Free Report) closed the most recent trading day at $136.53, moving -1.78% from the previous trading session. This change was narrower than the S&P 500's 1.91% loss on the day. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Prior to today's trading, shares of the digital-advertising platform operator had gained 12.7% over the past month. This has outpaced the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 2.51% in that time.
Investors will be hoping for strength from TTD as it approaches its next earnings release, which is expected to be February 28, 2019. The company is expected to report EPS of $0.79, up 46.3% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $148.18 million, up 44.36% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $2.39 per share and revenue of $464.99 million. These results would represent year-over-year changes of +49.38% and +50.87%, respectively.
It is also important to note the 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TTD is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note TTD's current valuation metrics, including its Forward P/E ratio of 58.16. Its industry sports an average Forward P/E of 28.03, 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 2.33. 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. The Internet - Services was holding an average PEG ratio of 2.22 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 99, putting it in the top 39% 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.
To follow TTD in the coming trading sessions, be sure to utilize Zacks.com.
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The Trade Desk (TTD) Stock Moves -1.78%: What You Should Know
The Trade Desk (TTD - Free Report) closed the most recent trading day at $136.53, moving -1.78% from the previous trading session. This change was narrower than the S&P 500's 1.91% loss on the day. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Prior to today's trading, shares of the digital-advertising platform operator had gained 12.7% over the past month. This has outpaced the Computer and Technology sector's loss of 0.02% and the S&P 500's loss of 2.51% in that time.
Investors will be hoping for strength from TTD as it approaches its next earnings release, which is expected to be February 28, 2019. The company is expected to report EPS of $0.79, up 46.3% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $148.18 million, up 44.36% from the year-ago period.
TTD's full-year Zacks Consensus Estimates are calling for earnings of $2.39 per share and revenue of $464.99 million. These results would represent year-over-year changes of +49.38% and +50.87%, respectively.
It is also important to note the 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TTD is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note TTD's current valuation metrics, including its Forward P/E ratio of 58.16. Its industry sports an average Forward P/E of 28.03, 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 2.33. 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. The Internet - Services was holding an average PEG ratio of 2.22 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 99, putting it in the top 39% 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.
To follow TTD in the coming trading sessions, be sure to utilize Zacks.com.