Toast Gains as Investors Look Ahead to Earnings

Toast shares rose 1.92% to close at $29.79 in the latest session, beating gains in major U.S. indexes. The S&P 500 added 0.73%, while the Dow rose 0.49% and Nasdaq gained 1.19%.

Still, Toast has lost 13.85% over the past month. The Computer and Technology sector gained 6.36% in that period, while the S&P 500 rose 0.55%.

Attention now turns to Toast’s next results. Zacks consensus estimates call for earnings of $0.37 per share, up 48% year over year, and revenue of $1.96 billion, a 20.3% increase.

For the full fiscal year, Zacks estimates earnings of $1.41 per share and revenue of $7.44 billion. Those figures imply year-over-year growth of 58.43% and 20.95%, respectively. The consensus earnings estimate has not changed in the past month, Zacks said.

Zacks put Toast’s forward price-to-earnings ratio at 20.77, above the industry average of 19.59.