Toast Rises 2.55% as Investors Look Ahead to Results
The restaurant software company outpaced major indexes on the day, while Zacks consensus estimates point to higher quarterly revenue and earnings.
Key takeaways
- Toast closed at $31.31, up 2.55% for the session.
- Zacks consensus estimates project quarterly EPS of $0.37 and revenue of $1.96 billion.
Toast shares closed at $31.31, up 2.55% from the previous session. The S&P 500 gained 0.6%, while the Dow rose 0.83% and the Nasdaq advanced 0.64%.
Despite the daily gain, Toast fell 4.41% over the past month. The Computer and Technology sector gained 4.03% and the S&P 500 rose 1.34% over that period.
Ahead of the company’s upcoming results, Zacks consensus estimates call for earnings of $0.37 per share and revenue of $1.96 billion. The estimates represent increases of 48% and 20.3%, respectively, from the prior-year quarter.
This article was produced with the help of AI technology. Source: Yahoo Finance
