Shares of The Trade Desk (NASDAQ:TTD) gained in after-hours trading after the company reported earnings for its first quarter of Fiscal Year 2023. Earnings per share came in at $0.23, which beat analysts’ consensus estimate of $0.13 per share. Sales increased by 21.4% year-over-year, with revenue hitting $382.8 million. This beat analysts’ expectations of $364.33 million.
Management offered some guidance as well, as it looks for revenue of at least $452 million, which easily beats consensus estimates calling for $445.63 million. Further, management expects an earnings before interest, taxes, depreciation and amortization (EBITDA) figure of around $160 million.
Overall, Wall Street has a consensus price target of $70.57 on The Trade Desk, implying 7.91% upside potential, as indicated by the graphic above.
