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The Trade Desk (TTD) announced a quarterly profit of $ 0.49 per share, exceeding the Zacks consensus estimate of $ 0.25 per share. This compares to a profit of $ 0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents a profit surprise of 96%. A quarter of a month ago, it was expected that this operator of digital advertising platform would record a profit of $ 0.79 per share while he realized a profit of $ 1.09 , a surprise of 37.97%.
In the last four quarters, the company has exceeded consensus EPS estimates four times.
The commercial office, which belongs to the Zacks Internet Services sector, achieved a turnover of $ 120.99 million for the quarter ended March 31, 2019, exceeding the estimate by 3.43%. of the Zacks consensus. This compares with last year's revenue of $ 85.67 million. The company has exceeded four times the revenue estimated by consensus over the past four quarters.
The sustainability of the immediate movement of stock prices, based on recently published figures and future earnings forecasts, will depend primarily on management's feedback on the earnings call.
Trade Desk shares have increased by around 91.4% since the beginning of the year, compared to 14.9% for the S & P 500.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What's next for the trading office?"data-reactid =" 28 ">What's next for the trading office?
Although the Trade Desk has outperformed the market so far this year, the question for investors is: what is the next step for the title?
There is no easy answer to this key question, but the company's earnings outlook is a reliable measure to help investors. This includes not only the forecast of current consensus results for the coming quarters, but also the way in which these forecasts have changed recently.
Empirical research shows a strong correlation between short-term stock movements and trends in revisions to earnings estimates. Investors can track these revisions themselves, or rely on a proven scoring tool such as Zacks Rank, which has impressive experience operating the revision of earnings power estimates.
Prior to the publication of these results, the trend of estimated revisions for The Trade Desk was mixed. Although the magnitude and direction of the revisions may change as a result of the release of the company's earnings report, the current status results in a Zacks # 3 ranking. (pending) for the stock. As a result, equities should evolve in line with the market in the near future. You can see the complete list of # 1 Zacks stock at current rank (strong buy) here.
It will be interesting to see how the estimates for the coming quarters and the current fiscal year will change in the coming days. The consensus estimate of EPS is currently $ 0.62 on earnings of $ 152.38 million for the next quarter and $ 2.56 on earnings of $ 640.48 million for the fiscal year In progress.
Investors should be aware that the outlook for the sector can also have a significant impact on the performance of the security. With regard to the Zacks industry ranking, Internet – Services currently stands in the 33% of Zack 's 250 most active industries. Our research shows that the top 50% of industries ranked by Zacks perform better than the bottom 50% by a factor greater than 2 to 1.
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