Toast Inc reports results for the quarter ended in December - Earnings Summary

Toast

15/02/2024 23:21

* Toast Inc  TOST.N  reported a quarterly adjusted loss of 7
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -19
cents.  The mean expectation of nineteen analysts for the
quarter was for a loss of 11 cents per share. Wall Street
expected results to range from -16 cents to -5 cents per share.
    * Revenue rose 34.7% to $1.04 billion from a year ago;
analysts
expected $1.02 billion. 
    * Toast Inc's reported EPS for the quarter was a loss of 7
cents​.
    * The company reported a quarterly loss of $36 million.
    * Toast Inc shares had risen by 10.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Toast Inc is
$20.50 
This summary was machine generated from LSEG data February 15 at
11:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.11          -0.07          Beat
 Sep. 30 2023      -0.10          -0.06          Beat
 Jun. 30 2023      -0.14          -0.19          Missed
 Mar. 31 2023      -0.17          -0.15          Beat