Digital advertising platform The Trade Desk (NASDAQ:TTD) will be reporting results this Thursday after market close. Here’s what to expect.
The Trade Desk beat analysts’ revenue expectations last quarter, reporting revenues of $688.9 million, up 11.8% year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and EBITDA guidance for next quarter missing analysts’ expectations significantly.
Is The Trade Desk a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting The Trade Desk’s revenue to grow 8.4% year on year, slowing from the 18.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. The Trade Desk rarely misses Wall Street’s revenue estimates.
Looking at The Trade Desk’s peers in the sales and marketing software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Zeta Global delivered year-on-year revenue growth of 43.5%, beating analysts’ expectations by 5.2%, and Wix reported revenues up 14.9%, topping estimates by 1.9%.
Read our full analysis of Zeta Global’s results here and Wix’s results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 9.6% on average over the last month. The Trade Desk’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $24.32 (compared to the current share price of $19.30).
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