Trade Desk (TTD) Stock Pops On Earnings & Sales Beats
The Trade Desk, Inc. TTD just released its fourth-quarter and full year 2017 financial results, posting adjusted earnings of $0.54 per share and revenues of $102.6 million. Currently, Trade Desk is a Zacks Rank #2 (Buy) and is up nearly 10% to $52.95 per share in after-hours trading shortly after its earnings report was released.
TTD:
Beat earnings estimates. The company adjusted posted earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.48 per share.
Beat revenue estimates. The company saw revenue figures of $102.6 million, topping our consensus estimate of $101.75 million.
Trade Desk’s revenues jumped from $72.4 in the year-ago period, while full-year revenue surged 52% to $308.2 million. The company boasted that it closed the year with 657 active customers.
The company expects a gross spend on its platform to be at least $2.1 billion in 2018, with revenues expected to hit at least $403 million. “We also invested more into technology and product development than we ever have before to help drive our next stage of growth in the coming years,” CEO Jeff Green said in a statement.
“We expect 2018 to be another record year for the company as we continue to see great momentum in the adoption of programmatic advertising on our platform worldwide.”
Here’s a graph that looks at TTD’s Price, Consensus and EPS Surprise history:
The Trade Desk Inc. Price, Consensus and EPS Surprise
The Trade Desk Inc. Price, Consensus and EPS Surprise | The Trade Desk Inc. Quote
The Trade Desk, Inc. is a provider of technology platform for advertising. The company through self-service, cloud-based platform, ad buyers create, manage and optimize data-driven digital advertising campaigns which includes display, video, audio, native and social, on a multitude of devices, such as computers, mobile devices and connected TV. It operates primarily in the United States, Europe and Asia. The Trade Desk, Inc. is headquartered in Ventura, CA.
Check back later for our full analysis on TTD’s earnings report!
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