Toast posts a beat in first earnings report since IPO, but stock dips [Yahoo! Finance News]
Toast, Inc. (TOST)
Company Research
Source: Yahoo! Finance News
Toast Inc. exceeded expectations with its latest earnings and outlook, but shares of the restaurant-focused payment-technology company were falling in after-hours trading Tuesday after its first report since hitting the public market.The company, whichheld a late-September initial public offering, Toast more than doubled revenue to $486.4 million from $236.8 million a year earlier. Analysts tracked by FactSet were expecting $434 million in revenue.Shares fell 3% in after-hours trading Tuesday.For the fourth quarter, Toast anticipates revenue of $465 million to $495 million and a loss on the basis of adjusted Ebitda of $40 million to $50 million. Analysts were anticipating $447 million in revenue and a loss on the basis of adjusted Ebitda of $56 million.Toast IPO:5 things to know about the restaurant-focused payments playerToast previously disclosed that up to 15% of vested equity held by current and former employees and consultants could be sold beginning at the start of tradi
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TOST
News
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Piper Sandler from $20.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Mizuho from $17.00 to $21.00. They now have a "neutral" rating on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Royal Bank of Canada from $23.00 to $27.00. They now have a "sector perform" rating on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Canaccord Genuity Group Inc. from $22.00 to $28.00. They now have a "buy" rating on the stock.MarketBeat
- Toast, Inc. (NYSE: TOST) had its price target raised by analysts at Wells Fargo & Company from $17.00 to $19.00. They now have an "underweight" rating on the stock.MarketBeat
TOST
Earnings
- 5/7/24 - In-Line
TOST
Sec Filings
- 5/9/24 - Form 4
- 5/8/24 - Form 144
- 5/8/24 - Form S-8
- TOST's page on the SEC website