It's already disrupting a massive industry.
Does Toast (TOST) have what it takes to be a top stock pick for momentum investors? Let's find out.
Toast (TOST) shares jumped nearly 15% Friday after the restaurant management software company reported third-quarter results that topped estimates and boosted its outlook.
Toast surprised investors in the third quarter, sending the stock skyward again. Here's what you need to know about the company's latest results.
Fintech stocks Block Inc (NYSE:SQ) and Toast Inc (NYSE:TOST) are staging opposite post-earnings reactions this morning.
After five consecutive “buy” ratings, I believe the magnitude of the upside has finally shrunk, leading me to rate Toast a “hold” with a price target of $43, as I book profits on my position. The underlying fundamentals of TOST continue to be strong, with Q3 FY24 earnings showing strong revenue growth of 26% YoY and adjusted EBITDA growth of 222% YoY, beating estimates. Some of the key growth drivers include expanding restaurant locations, targeted product innovation, unlocking TAM in new verticals, and operational excellence.
Toast stock price is on track to rise for the second consecutive week of gains as investors flock back to fintech companies. Its surge accelerated on Thursday after the company published strong financial results and boosted its forward guidance.
The headline numbers for Toast (TOST) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Toast (TOST) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.09 per share a year ago.
Toast, Inc. (NYSE:TOST ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 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 Josh Baer - Morgan Stanley Samad Samana - Jefferies Stephen Sheldon - William Blair Dominic Ball - Redburn Atlantic Timothy Chiodo - UBS Dan Dolev - Mizuho Conan Leon - Wells Fargo Will Nance - Goldman Sachs Nick Setyan - Wedbush Operator Good afternoon. My name is Paulie, and I will be your conference operator today.
The Investment Committee give you their top stocks to watch for the second half.
Shares of this software enterprise have surged 70% just this year.