Toast Inc reports results for the quarter ended September 30 - Earnings Summary

Toast

08/11/2024 16:27

* Toast Inc  TOST.N  reported quarterly adjusted earnings of
5
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -6 cents.  The mean expectation of twenty one analysts for
the quarter was for earnings of one cent per share. Wall Street
expected results to range from zero cents to 4 cents per share.
    * Revenue rose 26.5% to $1.31 billion from a year ago;
analysts
expected $1.29 billion. 
    * Toast Inc's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $40 million.
    * Toast Inc shares had risen by 15.4% this quarter and
gained 78.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "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
34.50 
This summary was machine generated from LSEG data November 8 at
04:27 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
 Sep. 30 2024      0.01           0.05           Beat
 Jun. 30 2024      -0.02          0.02           Beat
 Mar. 31 2024      -0.14          -0.15          Missed
 Dec. 31 2023      -0.10          -0.07          Beat