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

Toast

07/08/2024 24:15

* Toast Inc  TOST.N  reported quarterly adjusted earnings of
2
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -19
cents.  The mean expectation of twenty one analysts for the
quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -9 cents to 1 cents per share.
    * Revenue rose 27% to $1.24 billion from a year ago;
analysts
expected $1.22 billion. 
    * Toast Inc's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $14 million.
    * Toast Inc shares had fallen by 7.2% this quarter and
gained 31.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 51% 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 11 "strong buy" or "buy," 13
"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
$28.00 
This summary was machine generated from LSEG data August 6 at
11:14 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
 Jun. 30 2024      -0.02          0.02           Beat
 Mar. 31 2024      -0.14          -0.15          Missed
 Dec. 31 2023      -0.10          -0.07          Beat
 Sep. 30 2023      -0.10          -0.06          Beat