The Trade Desk Q4 Earnings Preview: Growth Expectations and Industry Trends
Revenue Projections:
Analysts forecast a 25.4% year-over-year revenue increase to $759.5 million for The Trade Desk (TTD) in Q4. This surpasses the 23.4% growth recorded in the previous Q4.
Earnings Expectations:
Adjusted earnings are estimated at $0.57 per share.
Analyst Estimates:
Analysts have maintained their estimates for TTD over the past 30 days, indicating expectations of continued business performance.
Industry Performance:
Peers in the sales and marketing software segment have reported mixed Q4 results:
* LiveRamp (RAMP) exceeded expectations with a 12.4% revenue growth.
* Shopify (SHOP) outperformed estimates with a 31.2% revenue increase.
Market Sentiment:
Sentiment towards sales and marketing software stocks remains positive, with an 11.4% average share price gain in the past month. TTD has risen 3.4% during this period.
Analyst Price Target:
TTD's average analyst price target is $135.42, higher than the current share price of $121.61.
Future Growth Drivers:
Enterprise software stocks utilizing generative AI capabilities may emerge as market leaders in the future.