$0.26 Earnings Per Share Expected for Trade Desk Inc (TTD) This Quarter

Wall Street analysts predict that Trade Desk Inc (NASDAQ:TTD) will post $0.26 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Trade Desk’s earnings, with estimates ranging from $0.17 to $0.34. Trade Desk posted earnings per share of $0.34 during the same quarter last year, which indicates a negative year over year growth rate of 23.5%. The business is expected to report its next earnings results on Thursday, May 9th.

On average, analysts expect that Trade Desk will report full year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.88. For the next financial year, analysts expect that the company will report earnings of $3.26 per share, with EPS estimates ranging from $2.92 to $3.69. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Trade Desk.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, February 21st. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.28. Trade Desk had a return on equity of 27.22% and a net margin of 18.47%. The business had revenue of $160.47 million for the quarter, compared to analyst estimates of $148.18 million.

Several research analysts have weighed in on TTD shares. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a report on Tuesday, January 22nd. ValuEngine upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. CIBC lifted their target price on Trade Desk from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. TheStreet upgraded Trade Desk from a “c” rating to a “b-” rating in a report on Friday, March 8th. Finally, BidaskClub upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $144.95.

NASDAQ:TTD opened at $207.00 on Friday. Trade Desk has a 12-month low of $45.77 and a 12-month high of $211.87. The firm has a market capitalization of $9.12 billion, a PE ratio of 107.81, a P/E/G ratio of 6.99 and a beta of 3.01.

In other news, insider Brian John Stempeck sold 33,158 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $155.01, for a total value of $5,139,821.58. Following the sale, the insider now directly owns 57,262 shares in the company, valued at $8,876,182.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kathryn E. Falberg sold 40,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $205.47, for a total value of $8,218,800.00. Following the completion of the sale, the director now owns 10,286 shares in the company, valued at $2,113,464.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 649,060 shares of company stock worth $121,581,729. Corporate insiders own 23.54% of the company’s stock.

Several institutional investors have recently modified their holdings of TTD. Mckinley Capital Management LLC Delaware bought a new stake in shares of Trade Desk in the fourth quarter valued at about $26,000. Financial Architects Inc increased its position in shares of Trade Desk by 114.1% in the fourth quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares during the last quarter. Neuburgh Advisers LLC increased its position in shares of Trade Desk by 77.8% in the fourth quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after acquiring an additional 154 shares during the last quarter. Private Capital Group LLC increased its position in shares of Trade Desk by 139.3% in the fourth quarter. Private Capital Group LLC now owns 493 shares of the technology company’s stock valued at $57,000 after acquiring an additional 287 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Trade Desk by 77.8% in the fourth quarter. Flinton Capital Management LLC now owns 544 shares of the technology company’s stock valued at $63,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

Further Reading: Depreciation

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