Trade Desk Shares Dip 8% as Analysts Slash Q1 EPS Estimate 17.6%
The Trade Desk’s shares have fallen 8% over the past month, underperforming the S&P 500’s 1.3% decline and its Internet Services peers’ 10.4% loss. Analysts cut 30-day EPS estimate for the current quarter by 17.6% to $0.33 while forecasting fiscal-year EPS of $2.08 (+17.5%) and Q1 revenue of $679 million (+10.3%).
1. Recent Share Performance
The Trade Desk’s shares have fallen 8% over the past month, underperforming the S&P 500’s 1.3% decline and the Internet Services industry’s 10.4% loss.
2. Earnings and Revenue Forecasts
Analysts have slashed the current-quarter EPS estimate by 17.6% to $0.33 while projecting fiscal-year EPS of $2.08 (up 17.5%) and next-year EPS of $2.37 (up 14%); consensus forecasts call for Q1 revenue of $679.26 million (up 10.3%), fiscal-year revenue of $3.27 billion (up 12.9%) and next-year revenue of $3.71 billion (up 13.6%).
3. Recent Results and Valuation
Last quarter’s revenue of $846.79 million beat estimates by 0.6% and matched flat EPS of $0.59; the stock holds a Hold rating and carries a C valuation grade, indicating parity with peers.