The Trade Desk (TTD) Ascends While Market Falls: Some Facts to Note

The Trade Desk (TTD) closed the most recent trading day at $73.49, moving +2.08% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.11%. Elsewhere, the Dow saw an upswing of 0.91%, while the tech-heavy Nasdaq depreciated by 0.82%. The stock of digital-advertising platform operator has fallen by 3.72% in the past month, lagging the Computer and Technology sector's gain of 8.76% and the S&P 500's gain of 5.17%.The investment community will be closely monitoring the performance of The Trade Desk in its forthcoming earnings report. In that report, analysts expect The Trade Desk to post earnings of $0.42 per share. This would mark year-over-year growth of 7.69%. In the meantime, our current consensus estimate forecasts the revenue to be $684.33 million, indicating a 17.07% growth compared to the corresponding quarter of the prior year. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.77 per share and revenue of $2.85 billion, which would represent changes of +6.63% and +16.6%, respectively, from the prior year. It's also important for investors to be aware of any recent modifications to analyst estimates for The Trade Desk. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, The Trade Desk possesses 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 40.67 right now. This expresses a premium compared to the average Forward P/E of 19.69 of its industry. We can also see that TTD currently has a PEG ratio of 1.77. 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. The Internet - Services industry currently had an average PEG ratio of 1.36 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 175, putting it in the bottom 30% 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. Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Trade Desk (TTD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks