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Toast (TOST) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Toast (TOST - Free Report) closed at $26.61 in the latest trading session, marking a -3.45% move from the prior day. This move lagged the S&P 500's daily loss of 0.37%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq lost 0.84%.
Prior to today's trading, shares of the restaurant software provider had gained 9.93% outpaced the Computer and Technology sector's loss of 2.83% and the S&P 500's loss of 3.7%.
Analysts and investors alike will be keeping a close eye on the performance of Toast in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.28, marking a 40% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.63 billion, indicating a 21.79% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.3 per share and a revenue of $7.4 billion, demonstrating changes of +46.07% and +20.27%, respectively, from the preceding year.
Any recent changes to analyst estimates for Toast should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Toast is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Toast is currently being traded at a Forward P/E ratio of 21.2. This indicates a premium in contrast to its industry's Forward P/E of 19.39.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Toast (TOST) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Toast (TOST - Free Report) closed at $26.61 in the latest trading session, marking a -3.45% move from the prior day. This move lagged the S&P 500's daily loss of 0.37%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq lost 0.84%.
Prior to today's trading, shares of the restaurant software provider had gained 9.93% outpaced the Computer and Technology sector's loss of 2.83% and the S&P 500's loss of 3.7%.
Analysts and investors alike will be keeping a close eye on the performance of Toast in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.28, marking a 40% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.63 billion, indicating a 21.79% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.3 per share and a revenue of $7.4 billion, demonstrating changes of +46.07% and +20.27%, respectively, from the preceding year.
Any recent changes to analyst estimates for Toast should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Toast is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Toast is currently being traded at a Forward P/E ratio of 21.2. This indicates a premium in contrast to its industry's Forward P/E of 19.39.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.