What revenue growth is expected for The Trade Desk in Q3?
Analysts are expecting a 14.5% year-on-year revenue growth, reaching $719.4 million.
Finance / Earnings
The Trade Desk (TTD), a digital advertising platform, is set to release its Q3 earnings report. This article summarizes analyst expectations and market sentiment leading up to the announcement.
The Trade Desk (NASDAQ:TTD) is under scrutiny as it prepares to announce its Q3 earnings. Wedbush analyst A. Reese anticipates earnings of $0.25 per share. The consensus estimate for the company's full-year earnings is $1.06 per share.
In the previous quarter, The Trade Desk reported $0.18 EPS, missing analysts' estimates by $0.24. However, revenue reached $694.04 million, surpassing expectations. The company's revenue increased by 18.7% year-over-year. Wedbush also provided estimates for upcoming quarters, projecting FY2027 earnings at $2.31 EPS.
Analyst ratings are mixed, with twenty 'Buy' ratings, thirteen 'Hold' ratings, and four 'Sell' ratings. The consensus rating is 'Hold,' with an average price target of $84.48. Recent analyst actions include BTIG Research lowering shares from 'Buy' to 'Neutral' and BMO Capital Markets cutting their target price from $115.00 to $98.00.
**How to Prepare:** Investors should monitor the earnings report closely, paying attention to revenue growth, EPS, and management's guidance for future performance. Keep an eye on analyst ratings and price target revisions to gauge market sentiment.
**Who This Affects Most:** This information is most relevant to current shareholders of The Trade Desk, as well as potential investors considering a position in the company.
Analysts are expecting a 14.5% year-on-year revenue growth, reaching $719.4 million.
The company reported $0.18 EPS, missing analysts' estimates of $0.42.
The average price target is $84.48.
What are your expectations for The Trade Desk's Q3 earnings? Do you think the stock will outperform or underperform analyst estimates? Share this article with others who need to stay ahead of this trend!
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