Trade Desk Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The Trade Desk, Inc. TTD is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 8.

Analysts expect the Ventura, California-based company to report quarterly earnings at 35 cents per share, up from 28 cents per share in the year-ago quarter. Trade Desk is projected to report quarterly revenue of $577.8 million, compared to $464.25 million a year earlier, according to data from Benzinga Pro.

On June 19, Fox and The Trade Desk announced extensive advertising integrations across FOX portfolio.

Trade Desk shares gained 0.1% to close at $84.91 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Keybanc analyst Justin Patterson maintained an Overweight rating and raised the price target from $100 to $105 on July 29. This analyst has an accuracy rate of 64%.
• Morgan Stanley analyst Matthew Cost maintained an Overweight rating and boosted the price target from $100 to $110 on July 23. This analyst has an accuracy rate of 61%.
• Oppenheimer analyst Jason Helfstein maintained an Outperform rating and increased the price target from $105 to $120 on July 15. This analyst has an accuracy rate of 77%.
• Wedbush analyst Scott Devitt initiated coverage on the stock with an Outperform rating and a price target of $110 on June 17. This analyst has an accuracy rate of 80%.
• Loop Capital analyst Rob Sanderson maintained a Buy rating and increased the price target from $102 to $109 on May 16. This analyst has an accuracy rate of 64%.

Considering buying TTD stock? Here’s what analysts think:

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