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Insights Into Toast (TOST) Q3: Wall Street Projections for Key Metrics
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Analysts on Wall Street project that Toast (TOST - Free Report) will announce quarterly earnings of $0.37 per share in its forthcoming report, representing an increase of 48% year over year. Revenues are projected to reach $1.96 billion, increasing 20.3% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Toast metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenue- Financial technology solutions' stands at $1.61 billion. The estimate indicates a year-over-year change of +19.9%.
Analysts predict that the 'Revenue- Subscription services' will reach $305.60 million. The estimate indicates a change of +25.3% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Hardware and professional services' reaching $44.51 million. The estimate suggests a change of +1.2% year over year.
It is projected by analysts that the 'Gross Payment Volume (GPV)' will reach $61.94 billion. The estimate compares to the year-ago value of $51.50 billion.
Analysts expect 'Subscription Annualized Recurring Run-Rate' to come in at $1.27 billion. Compared to the present estimate, the company reported $1.00 billion in the same quarter last year.
The consensus among analysts is that 'Locations' will reach 187,891 . Compared to the current estimate, the company reported 156,000 in the same quarter of the previous year.
The average prediction of analysts places 'Payments Annualized Recurring Run-Rate' at $1.24 billion. The estimate is in contrast to the year-ago figure of $1.01 billion.
According to the collective judgment of analysts, 'Total Annualized Recurring Run-Rate (ARR)' should come in at $2.50 billion. The estimate is in contrast to the year-ago figure of $2.02 billion.
Toast shares have witnessed a change of +6.3% in the past month, in contrast to the Zacks S&P 500 composite's -0.9% move. With a Zacks Rank #3 (Hold), TOST is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Toast (TOST) Q3: Wall Street Projections for Key Metrics
Analysts on Wall Street project that Toast (TOST - Free Report) will announce quarterly earnings of $0.37 per share in its forthcoming report, representing an increase of 48% year over year. Revenues are projected to reach $1.96 billion, increasing 20.3% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Toast metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenue- Financial technology solutions' stands at $1.61 billion. The estimate indicates a year-over-year change of +19.9%.
Analysts predict that the 'Revenue- Subscription services' will reach $305.60 million. The estimate indicates a change of +25.3% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Hardware and professional services' reaching $44.51 million. The estimate suggests a change of +1.2% year over year.
It is projected by analysts that the 'Gross Payment Volume (GPV)' will reach $61.94 billion. The estimate compares to the year-ago value of $51.50 billion.
Analysts expect 'Subscription Annualized Recurring Run-Rate' to come in at $1.27 billion. Compared to the present estimate, the company reported $1.00 billion in the same quarter last year.
The consensus among analysts is that 'Locations' will reach 187,891 . Compared to the current estimate, the company reported 156,000 in the same quarter of the previous year.
The average prediction of analysts places 'Payments Annualized Recurring Run-Rate' at $1.24 billion. The estimate is in contrast to the year-ago figure of $1.01 billion.
According to the collective judgment of analysts, 'Total Annualized Recurring Run-Rate (ARR)' should come in at $2.50 billion. The estimate is in contrast to the year-ago figure of $2.02 billion.
View all Key Company Metrics for Toast here>>>Toast shares have witnessed a change of +6.3% in the past month, in contrast to the Zacks S&P 500 composite's -0.9% move. With a Zacks Rank #3 (Hold), TOST is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .