Struggling Fintech Stock Flashing ‘Buy' Signal
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.
Toast, Inc. (TOST) Q2 2024 Earnings Call Transcript
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) Q2 Earnings and Revenues Surpass Estimates
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: Q2 Preview, Don't Fear Short Term Volatility, Tremendous Growth Opportunities Ahead
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.
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Is Trending Stock Toast, Inc. (TOST) a Buy Now?
Recently, Zacks.com users have been paying close attention to Toast (TOST). This makes it worthwhile to examine what the stock has in store.
Toast (TOST) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, Toast (TOST) closed at $26, marking a +1.25% move from the previous day.
Toast Stock Had The Setup. The Average True Range Made It Hard To Hold.
As we started reducing risk, we gravitated away from higher volatility stocks. It saved us on this trade.
Toast Is Displaying Impressive Growth as It Increases Addressable Market
Toast Inc. (TOST, Financial) is a $13 billion market cap payment solutions company that is tailored toward restaurants of any size, with the vast majority of its presence coming from the United States.
Toast Stock Could Soar 21%, According to a Wall Street Analyst. Is It a Buy Now?
Shares of restaurant software provider Toast are down by more than half from the all-time highwater mark they set in 2021. An investment bank analyst note recently suggested the stock can climb about 21% from recent prices and reach $33 per share.
1 Growth Stock Down 57% to Buy Right Now
Toast has identified several growth opportunities, including many untapped locations. But the restaurant management software company is still struggling to become profitable.
Toast Stock Is Up 45% This Year. Can the Rally Keep Going?
Shares of Toast have rallied sharply in 2024. Toast is gaining market share as a go-to software solution for the restaurant industry.
