The Trade Desk, Inc. (NASDAQ:TTD) Expected to Post Earnings of $0.16 Per Share

Wall Street analysts forecast that The Trade Desk, Inc. (NASDAQ:TTD) will post earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for The Trade Desk’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.17. The Trade Desk posted earnings of $0.13 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 23.1%. The firm is expected to announce its next quarterly earnings results on Thursday, November 4th.

On average, analysts expect that The Trade Desk will report full-year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.94. For the next financial year, analysts forecast that the firm will post earnings of $0.88 per share, with EPS estimates ranging from $0.82 to $0.98. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for The Trade Desk.

The Trade Desk (NASDAQ:TTD) last announced its earnings results on Monday, August 9th. The technology company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. The Trade Desk had a return on equity of 25.01% and a net margin of 25.44%. The company had revenue of $279.97 million during the quarter, compared to analyst estimates of $262.82 million. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 100.9% compared to the same quarter last year.

A number of brokerages recently issued reports on TTD. Stephens lifted their target price on The Trade Desk from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, August 10th. Oppenheimer lifted their target price on The Trade Desk from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 9th. Zacks Investment Research raised The Trade Desk from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Wednesday, August 18th. Rosenblatt Securities lifted their target price on The Trade Desk from $40.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, August 10th. Finally, Evercore ISI upgraded The Trade Desk to an “outperform” rating and lifted their target price for the stock from $70.00 to $95.00 in a research note on Thursday, July 8th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $87.58.

Shares of NASDAQ:TTD opened at $70.83 on Friday. The Trade Desk has a twelve month low of $41.31 and a twelve month high of $97.28. The firm has a market cap of $33.90 billion, a PE ratio of 132.64, a price-to-earnings-growth ratio of 7.66 and a beta of 2.48. The business has a fifty day moving average of $78.53 and a 200-day moving average of $74.28.

In other The Trade Desk news, Director Eric B. Paley sold 3,634 shares of the firm’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $80.30, for a total value of $291,810.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake Jeffrey Grayson sold 690 shares of the firm’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $73.35, for a total value of $50,611.50. Following the completion of the sale, the chief financial officer now directly owns 211,830 shares of the company’s stock, valued at $15,537,730.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,134 shares of company stock valued at $3,705,937. Company insiders own 10.72% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in The Trade Desk by 1,172.2% during the second quarter. Baillie Gifford & Co. now owns 52,534,783 shares of the technology company’s stock valued at $4,064,091,000 after buying an additional 48,405,217 shares during the period. Vanguard Group Inc. boosted its stake in The Trade Desk by 910.5% during the second quarter. Vanguard Group Inc. now owns 39,250,988 shares of the technology company’s stock valued at $3,036,456,000 after buying an additional 35,366,839 shares during the period. BlackRock Inc. boosted its stake in The Trade Desk by 797.5% during the second quarter. BlackRock Inc. now owns 22,896,162 shares of the technology company’s stock valued at $1,771,246,000 after buying an additional 20,345,148 shares during the period. Morgan Stanley boosted its stake in The Trade Desk by 1,101.8% during the second quarter. Morgan Stanley now owns 20,863,893 shares of the technology company’s stock valued at $1,614,032,000 after buying an additional 19,127,872 shares during the period. Finally, Jennison Associates LLC boosted its stake in The Trade Desk by 553.9% during the second quarter. Jennison Associates LLC now owns 14,098,956 shares of the technology company’s stock valued at $1,090,695,000 after buying an additional 11,942,743 shares during the period. 59.30% of the stock is owned by hedge funds and other institutional investors.

The Trade Desk Company Profile

The Trade Desk, Inc offers a technology platform for advertising buyers. It operates through United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.

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