The Trade Desk (TTD) closed the most recent trading session at $84.73, showing a positive shift of +1.67% from the previous day’s closing. This increase outperformed the S&P 500’s daily gain of 1.02%, with the Dow adding 0.4% and the Nasdaq gaining 2.03%.
Despite this recent uptick, The Trade Desk’s shares have seen a decrease of 4.67% over the last month, falling behind the Computer and Technology sector’s loss of 5.32% and the S&P 500’s loss of 3.15%.
Investors are eagerly awaiting The Trade Desk’s upcoming financial results, set to be announced on May 8, 2024. Analysts anticipate an EPS of $0.22, a 4.35% decrease from the previous year, with revenue expected to reach $479.63 million, a 25.3% increase year-over-year.
Looking at the full year, analysts predict earnings of $1.49 per share and revenue of $2.39 billion for The Trade Desk, marking changes of +18.25% and +22.94%, respectively, from the previous year.
Recent analyst estimates and revisions suggest optimism about The Trade Desk’s future performance, with positive revisions often correlating with stock price performance. The company currently holds a Zacks Rank of #3 (Hold).
In terms of valuation, The Trade Desk is trading with a Forward P/E ratio of 56.12, indicating a premium compared to the industry average of 24.36. The company also has a PEG ratio of 2.44, higher than the industry average of 2.06.
The Internet – Services industry, to which The Trade Desk belongs, is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 40, placing it in the top 16% of all industries.
Investors are advised to keep an eye on Zacks.com for updates on these stock-impacting metrics and more in the upcoming trading sessions.
