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Toast (TOST) Stock Declines While Market Improves: Some Information for Investors
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The latest trading session saw Toast (TOST - Free Report) ending at $30.04, denoting a -0.27% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq increased by 0.78%.
Heading into today, shares of the restaurant software provider had gained 6.39% over the past month, outpacing the Computer and Technology sector's gain of 1.87% and the S&P 500's gain of 1.67% in that time.
Investors will be eagerly watching for the performance of Toast in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 7, 2024. 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. Meanwhile, our latest consensus estimate is calling for revenue of $1.29 billion, up 24.78% from the prior-year quarter.
TOST's full-year Zacks Consensus Estimates are calling for earnings of -$0.10 per share and revenue of $4.9 billion. These results would represent year-over-year changes of +78.72% and +26.75%, respectively.
Investors might also notice recent changes to analyst estimates for Toast. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Toast possesses a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 24% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Toast (TOST) Stock Declines While Market Improves: Some Information for Investors
The latest trading session saw Toast (TOST - Free Report) ending at $30.04, denoting a -0.27% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq increased by 0.78%.
Heading into today, shares of the restaurant software provider had gained 6.39% over the past month, outpacing the Computer and Technology sector's gain of 1.87% and the S&P 500's gain of 1.67% in that time.
Investors will be eagerly watching for the performance of Toast in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 7, 2024. 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. Meanwhile, our latest consensus estimate is calling for revenue of $1.29 billion, up 24.78% from the prior-year quarter.
TOST's full-year Zacks Consensus Estimates are calling for earnings of -$0.10 per share and revenue of $4.9 billion. These results would represent year-over-year changes of +78.72% and +26.75%, respectively.
Investors might also notice recent changes to analyst estimates for Toast. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Toast possesses a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 24% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.