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Unveiling Toast (TOST) Q3 Outlook: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that Toast (TOST - Free Report) will announce quarterly earnings of $0.24 per share in its forthcoming report, representing an increase of 242.9% year over year. Revenues are projected to reach $1.59 billion, increasing 22% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 12.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Toast metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Financial technology solutions' of $1.31 billion. The estimate suggests a change of +23% year over year.
The consensus among analysts is that 'Revenue- Subscription services' will reach $237.92 million. The estimate suggests a change of +25.9% year over year.
The average prediction of analysts places 'Revenue- Hardware and professional services' at $46.77 million. The estimate points to a change of -4.6% from the year-ago quarter.
Shares of Toast have demonstrated returns of -1.4% over the past month compared to the Zacks S&P 500 composite's +2.4% change. With a Zacks Rank #3 (Hold), TOST is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling Toast (TOST) Q3 Outlook: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Toast (TOST - Free Report) will announce quarterly earnings of $0.24 per share in its forthcoming report, representing an increase of 242.9% year over year. Revenues are projected to reach $1.59 billion, increasing 22% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 12.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Toast metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Financial technology solutions' of $1.31 billion. The estimate suggests a change of +23% year over year.
The consensus among analysts is that 'Revenue- Subscription services' will reach $237.92 million. The estimate suggests a change of +25.9% year over year.
The average prediction of analysts places 'Revenue- Hardware and professional services' at $46.77 million. The estimate points to a change of -4.6% from the year-ago quarter.
View all Key Company Metrics for Toast here>>>Shares of Toast have demonstrated returns of -1.4% over the past month compared to the Zacks S&P 500 composite's +2.4% change. With a Zacks Rank #3 (Hold), TOST is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .