The Trade Desk (TTD) Stock Moves -0.08%: What You Should Know
The Trade Desk (TTD) closed at $280.17 in the latest trading session, marking a -0.08% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.9%. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq lost 0.93%.
Prior to today's trading, shares of the digital-advertising platform operator had gained 2.52% over the past month. This has lagged the Computer and Technology sector's gain of 6.54% and the S&P 500's gain of 3.3% in that time.
TTD will be looking to display strength as it nears its next earnings release. In that report, analysts expect TTD to post earnings of $1.19 per share. This would mark year-over-year growth of 9.17%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $213.31 million, up 32.93% from the year-ago period.
Investors might also notice recent changes to analyst estimates for TTD. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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. Over the past month, the Zacks Consensus EPS estimate has moved 3.15% lower. TTD is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, TTD is currently trading at a Forward P/E ratio of 73.46. This represents a premium compared to its industry's average Forward P/E of 27.7.
Meanwhile, TTD's PEG ratio is currently 2.67. 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. Internet - Services stocks are, on average, holding a PEG ratio of 2.22 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 113, putting it in the top 45% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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