Exploring Trade Desk's Earnings Expectations

Trade Desk (NASDAQ:TTD) is set to give its latest quarterly earnings report on Thursday, 2024-11-07. Here's what investors need to know before the announcement.

Analysts estimate that Trade Desk will report an earnings per share (EPS) of $0.39.

Anticipation surrounds Trade Desk's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

During the last quarter, the company reported an EPS beat by $0.04, leading to a 12.5% increase in the share price on the subsequent day.

Here's a look at Trade Desk's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.35

0.21

0.43

0.29

EPS Actual

0.39

0.26

0.41

0.33

Price Change %

12.0%

3.0%

17.0%

-17.0%

Market Performance of Trade Desk's Stock

Shares of Trade Desk were trading at $119.94 as of November 05. Over the last 52-week period, shares are up 61.24%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Insights on Trade Desk

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Trade Desk.

The consensus rating for Trade Desk is Buy, derived from 29 analyst ratings. An average one-year price target of ...