Q: What is Trade Desk Inc. 2023/Q4 Earnings Preview?
TigerGPT Answer: 【Forecast Data】
The financial forecast data for The Trade Desk Inc. (TTD) this quarter includes an earnings per share (EPS) estimate of $0.43, total revenue estimate of $582,110,070, and EBIT estimate of $119,411,460. Compared to the same period last year:
- EPS has increased by approximately 13.16% from $0.38.
- Total revenue has increased by approximately 18.63% from $490,737,000.
- EBIT has decreased by approximately 47.56% from $227,691,000.
The significant increase in revenue suggests that the company is growing its top line effectively. However, the sharp decrease in EBIT indicates that expenses or costs have risen, or there may have been significant one-time charges affecting profitability.
【Quarterly Important News】
Key news over the past quarter includes a Sell rating and a $32 per share price target from Benchmark analyst Mark Zgutowicz, citing 'increasingly challenging' revenue comparisons for The Trade Desk Inc. This negative outlook could impact investor sentiment and suggests potential headwinds for the company's revenue growth.
【Forecast Viewpoints】
The current viewpoints on the company's financial report are not provided in the data. However, the Sell rating from Benchmark suggests skepticism about the company's ability to maintain its growth trajectory.
【Stock Trend Analysis】
The Trade Desk Inc.'s stock price has experienced a decline of 7.92% from the last financial report release date to the current date. The latest stock price is $73.91, with a support level at $76.53 and a resistance level at $61.83. This indicates a downward trend, and the stock is currently trading below the support level, which could now act as resistance.
【Options Large Order Analysis】
The options large orders show a mix of bullish and bearish signals. There is a significant buy order for April 2024 $60.0 calls, suggesting some traders are betting on the stock to rise above this strike price by expiration. However, there is also a buy order for February 2024 $67.0 puts, indicating a bearish outlook in the near term. The financial report could either exceed or fall below expectations based on these mixed signals.
【Analyst Ratings and Target Price Forecast】
Analyst ratings for The Trade Desk Inc. are mixed, with 9 recommendations, 18 buys, 4 holds, and 2 underperforms. The mean target price is $79.86, with a low estimate of $30.00 and a high estimate of $100.00. The current stock price is below the mean target price, suggesting that the company may be undervalued. However, the wide range of target prices indicates uncertainty about the company's valuation.
【Comprehensive Conclusion】
The Trade Desk Inc. is experiencing revenue growth but faces challenges in maintaining profitability, as indicated by the decrease in EBIT. The stock is currently on a downward trend, and mixed signals from options orders and analyst ratings suggest uncertainty about the company's short-term performance. Investors should monitor the company's ability to manage costs and maintain revenue growth in the face of potential headwinds.
【Disclaimer】
The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
