The Trade Desk (TTD) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
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In the latest trading session, The Trade Desk (TTD) closed at $61.46, marking a -1.93% move from the previous day. This change lagged the S&P 500's daily loss of 0.15%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 0.05%.

Coming into today, shares of the digital-advertising platform operator had lost 33.89% in the past month. In that same time, the Computer and Technology sector lost 14.1%, while the S&P 500 lost 7.66%.

Wall Street will be looking for positivity from The Trade Desk as it approaches its next earnings report date. On that day, The Trade Desk is projected to report earnings of $0.29 per share, which would represent a year-over-year decline of 21.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $389.88 million, up 21.87% from the year-ago period.

Investors should also note any recent changes to analyst estimates for The Trade Desk. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.67% higher within the past month. The Trade Desk is currently sporting a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that The Trade Desk has a Forward P/E ratio of 65.45 right now. This valuation marks a premium compared to its industry's average Forward P/E of 22.77.

Meanwhile, TTD's PEG ratio is currently 2.73. 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 2.29 based on yesterday's closing prices.

The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 212, which puts it in the bottom 17% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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