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) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
The Trade Desk (TTD - Free Report) closed at $221.48 in the latest trading session, marking a -1.95% move from the prior day. This change lagged the S&P 500's 0.1% gain on the day. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq lost 0.66%.
Heading into today, shares of the digital-advertising platform operator had gained 9.59% over the past month, outpacing the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 3.95% in that time.
TTD will be looking to display strength as it nears its next earnings release, which is expected to be May 9, 2019. In that report, analysts expect TTD to post earnings of $0.25 per share. This would mark a year-over-year decline of 26.47%. Meanwhile, our latest consensus estimate is calling for revenue of $116.98 million, up 36.54% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.56 per share and revenue of $640.48 million, which would represent changes of -5.19% and +34.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for TTD. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. TTD is currently a Zacks Rank #3 (Hold).
Digging into valuation, TTD currently has a Forward P/E ratio of 88.14. This represents a premium compared to its industry's average Forward P/E of 34.88.
We can also see that TTD currently has a PEG ratio of 4.81. 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. TTD's industry had an average PEG ratio of 3.7 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 184, putting it in the bottom 28% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Trade Desk (TTD) Stock Sinks As Market Gains: What You Should Know
The Trade Desk (TTD - Free Report) closed at $221.48 in the latest trading session, marking a -1.95% move from the prior day. This change lagged the S&P 500's 0.1% gain on the day. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq lost 0.66%.
Heading into today, shares of the digital-advertising platform operator had gained 9.59% over the past month, outpacing the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 3.95% in that time.
TTD will be looking to display strength as it nears its next earnings release, which is expected to be May 9, 2019. In that report, analysts expect TTD to post earnings of $0.25 per share. This would mark a year-over-year decline of 26.47%. Meanwhile, our latest consensus estimate is calling for revenue of $116.98 million, up 36.54% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.56 per share and revenue of $640.48 million, which would represent changes of -5.19% and +34.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for TTD. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. TTD is currently a Zacks Rank #3 (Hold).
Digging into valuation, TTD currently has a Forward P/E ratio of 88.14. This represents a premium compared to its industry's average Forward P/E of 34.88.
We can also see that TTD currently has a PEG ratio of 4.81. 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. TTD's industry had an average PEG ratio of 3.7 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 184, putting it in the bottom 28% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.