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Toast (TOST) Outperforms Broader Market: What You Need to Know
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In the latest trading session, Toast (TOST - Free Report) closed at $29.79, marking a +1.92% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 1.19%.
The restaurant software provider's shares have seen a decrease of 13.85% over the last month, not keeping up with the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Toast in its upcoming release. It is anticipated that the company will report an EPS of $0.37, marking a 48% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.96 billion, indicating a 20.3% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.41 per share and a revenue of $7.44 billion, indicating changes of +58.43% and +20.95%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Toast. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. 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 20.77. This valuation marks a premium compared to its industry average Forward P/E of 19.59.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 38% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Toast (TOST) Outperforms Broader Market: What You Need to Know
In the latest trading session, Toast (TOST - Free Report) closed at $29.79, marking a +1.92% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 1.19%.
The restaurant software provider's shares have seen a decrease of 13.85% over the last month, not keeping up with the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Toast in its upcoming release. It is anticipated that the company will report an EPS of $0.37, marking a 48% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.96 billion, indicating a 20.3% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.41 per share and a revenue of $7.44 billion, indicating changes of +58.43% and +20.95%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Toast. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. 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 20.77. This valuation marks a premium compared to its industry average Forward P/E of 19.59.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 38% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.