Toast Drops 4.83% as Investors Look Ahead to Earnings

Toast fell 4.83% to $28.99 in its latest session, underperforming the S&P 500, which slipped 0.25%. The Dow lost 0.86%, while the Nasdaq rose 0.24%.

The decline extended a weak month for Toast shares. They were down 9.32% over the past month, while the Computer and Technology sector gained 4% and the S&P 500 fell 0.42%.

Analysts expect Toast to report earnings of 37 cents per share in its upcoming results, up 48% from a year earlier, according to the article. Revenue is expected to reach $1.96 billion, a 20.3% increase.

For the full fiscal year, Zacks consensus estimates call for earnings of $1.41 per share and revenue of $7.44 billion. Those figures represent year-over-year growth of 58.43% and 20.95%, respectively.

The consensus estimate for earnings per share was unchanged over the past month. Toast traded at a forward price-to-earnings ratio of 21.64, compared with an industry average of 18.78, the article said.