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Toast (TOST) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, Toast (TOST - Free Report) was down 4.64% at $31.75. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.
Shares of the restaurant software provider have depreciated by 3% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.27%, and the S&P 500's loss of 1.99%.
Analysts and investors alike will be keeping a close eye on the performance of Toast in its upcoming earnings disclosure. In that report, analysts expect Toast to post earnings of $0.37 per share. This would mark year-over-year growth of 48%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.96 billion, up 20.3% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.41 per share and revenue of $7.44 billion. These totals would mark changes of +58.43% and +20.95%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Toast. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Toast is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Toast is presently being traded at a Forward P/E ratio of 23.65. This denotes a premium relative to the industry average Forward P/E of 20.2.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Toast (TOST) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Toast (TOST - Free Report) was down 4.64% at $31.75. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.
Shares of the restaurant software provider have depreciated by 3% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.27%, and the S&P 500's loss of 1.99%.
Analysts and investors alike will be keeping a close eye on the performance of Toast in its upcoming earnings disclosure. In that report, analysts expect Toast to post earnings of $0.37 per share. This would mark year-over-year growth of 48%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.96 billion, up 20.3% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.41 per share and revenue of $7.44 billion. These totals would mark changes of +58.43% and +20.95%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Toast. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Toast is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Toast is presently being traded at a Forward P/E ratio of 23.65. This denotes a premium relative to the industry average Forward P/E of 20.2.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.