TOST Stock Recent News

In the most recent trading session, Toast (TOST) closed at $26.19, indicating a +0.38% shift from the previous trading day.

This restaurant software company is in the early innings of capturing a $100 billion opportunity. With the help of a technological advantage, this restaurant stock could be the latest breakout performer in the sector.

Toast (TOST) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Toast positions itself as the operating system for its restaurant clients. Toast has a sizable opportunity to grow its customer base in the U.S. and internationally.

Shares of Toast have rallied after posting strong Q2 results, bringing YTD gains above 30%. The company has raised its full-year adjusted EBITDA expectations for FY24, highlighting the efficiencies gained from its restructuring as well as strong new location expansion. At a >40x adjusted EBITDA multiple amid a potential macro downturn, especially for restaurants, Toast bears some added risk.

The restaurant software specialist turned in an unexpected profit and raised guidance. Its shares look inexpensive given the growth opportunities in front of it.

Toast Inc (TOST) closed 6.1% lower at $22.71 last session, even after the fintech company's second-quarter earnings and revenue exceeded estimates. Anytime there's a top-line beat but the stock moves lower, its worth a closer look under the hood to see if there's a ‘buy the dip' opportunity.

Start Time: 17:00 January 1, 0000 5:46 PM ET Toast, Inc. (NYSE:TOST ) Q2 2024 Earnings Conference Call August 06, 2024, 17:00 PM ET Company Participants Michael Senno - SVP, Finance and Strategy, Treasury and IR Aman Narang - CEO and Co-founder Elena Gomez - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Dan Dolev - Mizuho William Nance - Goldman Sachs Stephen Sheldon - William Blair Tim Chiodo - UBS Harshita Rawat - Bernstein Josh Baer - Morgan Stanley Matthew Coad - Autonomous David Hynes - Canaccord Genuity Samad Samana - Jefferies Operator Good afternoon. My name is Breeka, and I will be your conference operator today.

Toast (TOST) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.19 per share a year ago.

Toast reported Q1 FY24 earnings in May where revenue and Adjusted EBITDA grew 31% and 435% YoY as it scaled into new locations, deepened adoption of its modules and drove product innovation. It is due to report its Q2 FY24 earnings in August, where revenue is expected to grow to $1.22B with an Adjusted EBITDA of $60M. Meanwhile, it also held its Investor Day, where it outlined its plans to gain market share in restaurants in the US and internationally, while expanding into new verticals such as Retail Food Beverages.