Zacks: Analysts Expect Trade Desk Inc (TTD) Will Announce Quarterly Sales of $103.56 Million

Wall Street brokerages forecast that Trade Desk Inc (NASDAQ:TTD) will report $103.56 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Trade Desk’s earnings. The highest sales estimate is $105.10 million and the lowest is $102.88 million. Trade Desk reported sales of $72.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 42.3%. The firm is scheduled to issue its next earnings report on Thursday, August 9th.

On average, analysts expect that Trade Desk will report full year sales of $434.27 million for the current fiscal year, with estimates ranging from $432.68 million to $439.70 million. For the next financial year, analysts anticipate that the firm will post sales of $554.42 million per share, with estimates ranging from $545.49 million to $567.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Trade Desk.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 10th. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.24. Trade Desk had a return on equity of 24.07% and a net margin of 16.14%. The company had revenue of $85.70 million during the quarter, compared to analyst estimates of $73.25 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue was up 60.5% on a year-over-year basis.

A number of brokerages recently commented on TTD. Vetr raised Trade Desk from a “hold” rating to a “buy” rating and set a $56.79 price objective for the company in a research report on Monday, March 5th. Citigroup raised their price objective on Trade Desk from $69.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, March 9th. Wells Fargo & Co reissued a “buy” rating and set a $62.00 price objective on shares of Trade Desk in a research report on Friday, February 23rd. Stifel Nicolaus set a $69.00 price objective on Trade Desk and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC raised their price objective on Trade Desk to $75.00 and gave the company a “buy” rating in a research report on Friday, May 11th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $75.44.

In other news, insider Brian John Stempeck sold 22,500 shares of Trade Desk stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $48.14, for a total value of $1,083,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul Ross sold 8,682 shares of Trade Desk stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $56.18, for a total value of $487,754.76. Following the completion of the transaction, the chief financial officer now directly owns 67,473 shares of the company’s stock, valued at approximately $3,790,633.14. The disclosure for this sale can be found here. Insiders have sold 411,017 shares of company stock valued at $28,621,990 in the last three months. Insiders own 23.54% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in Trade Desk by 25.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 144,445 shares of the technology company’s stock worth $6,605,000 after buying an additional 28,999 shares in the last quarter. BlackRock Inc. increased its holdings in Trade Desk by 2.3% in the 4th quarter. BlackRock Inc. now owns 1,401,836 shares of the technology company’s stock worth $64,106,000 after buying an additional 32,139 shares in the last quarter. First Trust Advisors LP increased its holdings in Trade Desk by 53.4% in the 4th quarter. First Trust Advisors LP now owns 48,530 shares of the technology company’s stock worth $2,219,000 after buying an additional 16,904 shares in the last quarter. Braun Stacey Associates Inc. increased its holdings in Trade Desk by 7.7% in the 1st quarter. Braun Stacey Associates Inc. now owns 315,792 shares of the technology company’s stock worth $15,669,000 after buying an additional 22,657 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Trade Desk by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 110,019 shares of the technology company’s stock worth $5,031,000 after buying an additional 3,402 shares in the last quarter. 73.44% of the stock is owned by hedge funds and other institutional investors.

TTD stock traded up $0.47 on Friday, reaching $90.53. The company’s stock had a trading volume of 1,258,247 shares, compared to its average volume of 1,156,162. Trade Desk has a 12-month low of $40.70 and a 12-month high of $92.90. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 76.08, a PEG ratio of 2.80 and a beta of 2.64.

Trade Desk Company Profile

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.

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