Commerce Desk Q3 earnings preview: Will market share features drive one other sturdy present?

The Commerce Desk (NASDAQ:TTD) is scheduled to announce Q3 earnings outcomes on Wednesday, Nov. 9, earlier than market open.

The consensus EPS estimate is $0.23 (+27.8% Y/Y) and the consensus income estimate is $386.36M (+28.3% Y/Y).

Over the past 2 years, TTD has crushed EPS and income estimates 100% of the time.

Over the past 3 months, EPS estimates have seen 10 upward revisions and a couple of downward. Income estimates have seen 11 upward revisions and 6 downward.

Morgan Stanley known as Commerce Desk (TTD) the “MVP” of linked TV, however initiated protection at Equal Weight, ready for a greater spot to get in as its present valuation is honest.

SA contributor Albert Lin stated current earnings from Commerce Desk’s (TTD) friends have been regarding, and markets will wish to see whether or not it confronted comparable macro headwinds, ranking the inventory Maintain.

Then again, SA contributor The Worth Pendulum is bullish on Commerce Desk (TTD), making an allowance for an anticipated Q3 EPS beat and sustained development momentum in This fall.

Commerce Desk (TTD) inventory fell ~52% YTD, underperforming the broader Nasdaq composite index by a large margin.

Q2 recap:

• Shares of the ad-tech agency gained after it reported better-than-expected Q2 outcomes.
• Analysts heaped reward on the corporate’s “distinctive” execution. Truist stated the stellar figures and powerful outlook implied market share features.
• Raymond James stated the outcomes had been pushed by momentum in linked TV, noting that the corporate is just not seeing the identical headwinds from the spot market as its friends.