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

Toast

08/05/2024 15:32

* Toast Inc  TOST.N  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in March, identical to
the same quarter last year.  The mean expectation of
twenty analysts for the quarter was for a loss of 14 cents per
share. Wall Street expected results to range from -21 cents
to -6 cents per share.
    * Revenue rose 31.3% to $1.08 billion from a year ago;
analysts
expected $1.04 billion. 
    * Toast Inc's reported EPS for the quarter was a loss of 15
cents​.
    * The company reported a quarterly loss of $83 million.
    * Toast Inc shares had fallen by 4.8% this quarter and
gained 30.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "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
$27.00 
This summary was machine generated from LSEG data May 8 at 02:31
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
 Mar. 31 2024      -0.14          -0.15          Missed
 Dec. 31 2023      -0.10          -0.07          Beat
 Sep. 30 2023      -0.10          -0.06          Beat
 Jun. 30 2023      -0.14          -0.19          Missed