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Toast (TOST) Increases Despite Market Slip: Here's What You Need to Know
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The most recent trading session ended with Toast (TOST - Free Report) standing at $28.56, reflecting a +0.88% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.93%. Elsewhere, the Dow saw a downswing of 0.41%, while the tech-heavy Nasdaq depreciated by 1.53%.
The restaurant software provider's stock has climbed by 13.88% in the past month, exceeding the Computer and Technology sector's gain of 2.77% and the S&P 500's gain of 2.17%.
Investors will be eagerly watching for the performance of Toast in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.01, showcasing a 111.11% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.29 billion, reflecting a 24.78% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.10 per share and revenue of $4.9 billion, which would represent changes of +78.72% and +26.75%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Toast. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 2.59% lower. Toast is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 74, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Toast (TOST) Increases Despite Market Slip: Here's What You Need to Know
The most recent trading session ended with Toast (TOST - Free Report) standing at $28.56, reflecting a +0.88% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.93%. Elsewhere, the Dow saw a downswing of 0.41%, while the tech-heavy Nasdaq depreciated by 1.53%.
The restaurant software provider's stock has climbed by 13.88% in the past month, exceeding the Computer and Technology sector's gain of 2.77% and the S&P 500's gain of 2.17%.
Investors will be eagerly watching for the performance of Toast in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.01, showcasing a 111.11% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.29 billion, reflecting a 24.78% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.10 per share and revenue of $4.9 billion, which would represent changes of +78.72% and +26.75%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Toast. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 2.59% lower. Toast is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 74, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.