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Why Toast (TOST) Dipped More Than Broader Market Today
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Toast (TOST - Free Report) ended the recent trading session at $31.53, demonstrating a -2.14% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Shares of the restaurant software provider have appreciated by 5.12% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.99%, and the S&P 500's gain of 2.44%.
The upcoming earnings release of Toast will be of great interest to investors. On that day, Toast is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 48%. At the same time, our most recent consensus estimate is projecting a revenue of $1.96 billion, reflecting a 20.3% rise from the equivalent 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.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. 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 22.89. This valuation marks a premium compared to its industry average Forward P/E of 21.23.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TOST in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Why Toast (TOST) Dipped More Than Broader Market Today
Toast (TOST - Free Report) ended the recent trading session at $31.53, demonstrating a -2.14% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Shares of the restaurant software provider have appreciated by 5.12% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.99%, and the S&P 500's gain of 2.44%.
The upcoming earnings release of Toast will be of great interest to investors. On that day, Toast is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 48%. At the same time, our most recent consensus estimate is projecting a revenue of $1.96 billion, reflecting a 20.3% rise from the equivalent 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.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. 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 22.89. This valuation marks a premium compared to its industry average Forward P/E of 21.23.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TOST in the coming trading sessions, be sure to utilize Zacks.com.