Toast (TOST 15.96%) stock is posting big gains Friday trading. The fintech company's share price was up 15.3% as of 2 p.m. ET, according to data from S&P Global Market Intelligence.Toast stock is gaining ground following the publication of the company's fourth-quarter earnings results. While the company's sales for the period fell short of the market's target, earnings came in better than expected. The company also announced it would be reducing expenses by trimming its workforce.Sales and margins were stro ...

Toast Inc (NYSE:TOST) stock is up 15.2% at $22.16 at last check, after the software company beat fourth-quarter expectations and announced it will lay off 550 workers. No fewer than seven brokerages hiked their price objectives in response, including Needham to $26 from $20. Analysts are mostly skeptical toward TOST, with 12 of the 22 still calling it a tepid "hold," while the 12-month consensus target price of $21.74 is still a 1.7% discount to current levels. This means there is still room for additional ...

Toast, Inc. (NYSE:TOST) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET Company Participants Michael Senno - SVP, Finance Aman Narang - CEO Elena Gomez - CFO Conference Call Participants Will Nance - Goldman Sachs Harshita Rawat - Bernstein Tien-Tsin Huang - JPMorgan Stephen Sheldon - William Blair Dave Koning - Baird Tim Chiodo - UBS Samad Samana - Jefferies Josh Baer - Morgan Stanley Darrin Peller - Wolfe Research Dominic Ball - Redburn Atlantic Operator Good afternoon. My name is Kate and I ...

Toast’s latest quarterly earnings were marked by the announcement of a 10% headcount reduction, even as subscription revenues increased but growth across some metrics slowed.As reported Thursday (Feb. 15) after the markets closed, the company said it was trimming 550 positions.CEO Aman Narang said on the call that staffing cuts came because the company grew its team “too quickly” in some areas.Investors sent the shares 1% higher after hours. Delving into the company’s results, the CEO said the company added ...

Toast (TOST) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 36.36%. A quarter ago, it was expected that this restaurant software provider would post a loss of $0.11 per share when it actually produced a loss of $0.09, delivering a surprise of 18.18%.Over the last four quarters, the company h ...

A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Toast, maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% of its workforce. The company also reported fourth-quarter earnings that surpassed Wall Street's expectations. Shares were initially up as much as 16% after hours but then gave back much of the gains. Here's how the company did, compared with the ...

Toast Inc.’s stock initially jumped 16% before cooling in after-hours trading Thursday after the company posted strong quarterly sales. The cloud-based restaurant-management software company TOST reported a fiscal fourth-quarter net loss of $36 million, or 7 cents a share, compared with a net loss of $99 million, or 19 cents a share, in the same quarter a year ago. Revenue... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. An ...

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Toast (TOST) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Toast is a member of our Computer and Technology group, which includes 621 different companies and currently sits at #12 in the Zack ...

The market expects Toast (TOST) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 15, 2024, might help the stock move higher if these key numbers are b ...

Restaurant management software specialist Toast (NYSE:TOST) — which provides software and hardware solutions to help restaurants streamline their operations and improve guest experiences — saw its market value pop on Wednesday. Earlier, Redburn Atlantic upgraded its assessment of the company, citing “underappreciated pricing power.” Additionally, restaurant sector sales point to possibly improving conditions in the industry, contributing to bullishness in TOST stock.According to a Seeking Alpha report, Redb ...