We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Toast (TOST) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
Toast (TOST - Free Report) closed the most recent trading day at $31.31, moving +2.55% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.6%. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.64%.
The stock of restaurant software provider has fallen by 4.41% in the past month, lagging the Computer and Technology sector's gain of 4.03% and the S&P 500's gain of 1.34%.
Market participants will be closely following the financial results of Toast in its upcoming release. The company is expected to report EPS of $0.37, up 48% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.96 billion, indicating a 20.3% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.41 per share and revenue of $7.44 billion, which would represent changes of +58.43% and +20.95%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Toast. Recent revisions tend to reflect the latest near-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 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Toast presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Toast is presently trading at a Forward P/E ratio of 21.69. For comparison, its industry has an average Forward P/E of 20.7, which means Toast is trading at a premium to the group.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 105, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Toast (TOST) Outperforms Broader Market: What You Need to Know
Toast (TOST - Free Report) closed the most recent trading day at $31.31, moving +2.55% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.6%. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.64%.
The stock of restaurant software provider has fallen by 4.41% in the past month, lagging the Computer and Technology sector's gain of 4.03% and the S&P 500's gain of 1.34%.
Market participants will be closely following the financial results of Toast in its upcoming release. The company is expected to report EPS of $0.37, up 48% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.96 billion, indicating a 20.3% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.41 per share and revenue of $7.44 billion, which would represent changes of +58.43% and +20.95%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Toast. Recent revisions tend to reflect the latest near-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 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Toast presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Toast is presently trading at a Forward P/E ratio of 21.69. For comparison, its industry has an average Forward P/E of 20.7, which means Toast is trading at a premium to the group.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 105, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.