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Toast (TOST) Falls More Steeply Than Broader Market: What Investors Need to Know
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Toast (TOST - Free Report) ended the recent trading session at $28.99, demonstrating a -4.83% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
Heading into today, shares of the restaurant software provider had lost 9.32% over the past month, lagging the Computer and Technology sector's gain of 4% and the S&P 500's loss of 0.42%.
Investors will be eagerly watching for 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%. Simultaneously, our latest consensus estimate expects the revenue to be $1.96 billion, showing a 20.3% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.41 per share and a revenue of $7.44 billion, representing changes of +58.43% and +20.95%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Toast. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Toast is currently a Zacks Rank #3 (Hold).
In terms of valuation, Toast is presently being traded at a Forward P/E ratio of 21.64. This expresses a premium compared to the average Forward P/E of 18.78 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 86, placing it within the top 35% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
View the Zacks #1 Rank List
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Toast (TOST) Falls More Steeply Than Broader Market: What Investors Need to Know
Toast (TOST - Free Report) ended the recent trading session at $28.99, demonstrating a -4.83% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
Heading into today, shares of the restaurant software provider had lost 9.32% over the past month, lagging the Computer and Technology sector's gain of 4% and the S&P 500's loss of 0.42%.
Investors will be eagerly watching for 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%. Simultaneously, our latest consensus estimate expects the revenue to be $1.96 billion, showing a 20.3% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.41 per share and a revenue of $7.44 billion, representing changes of +58.43% and +20.95%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Toast. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Toast is currently a Zacks Rank #3 (Hold).
In terms of valuation, Toast is presently being traded at a Forward P/E ratio of 21.64. This expresses a premium compared to the average Forward P/E of 18.78 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 86, placing it within the top 35% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.