Toast (TOST) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this restaurant software provider have returned +3.4% over the past month versus the Zacks S&P 500 composite's +1.1% change. The Zacks Internet - Software industry, to which Toast belongs, has lost 6.4% over this period. Now the key question is: Where could the stock be headed in the near term? While media r ...

Toast (TOST) closed the most recent trading day at $26, moving +1.25% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.07%. The investment community will be closely monitoring the performance of Toast in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2024. In that report, analysts expect Toast to post earning ...

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. With more than a billion dollars in annual revenue, Toast also offers software solutions to these restaurants and capital financing via Toast Capital, where clients can obtain loans directly and have accumulated approximately $1 billion in loan originations. This is done at a lower credit risk as Toast Capita ...

Core Viewpoint - Toast's restaurant management software is experiencing significant popularity and growth, yet the company continues to report substantial net losses, raising questions about its long-term profitability potential [1][7][8]. Group 1: Company Growth and Opportunities - Toast was founded in 2012 to provide integrated solutions for restaurant management, achieving rapid growth with 112,000 locations managed as of March 31 [4]. - The company has launched new software products, including a digital storefront and marketing software, and is expanding internationally with integrated online ordering in the U.K., Canada, and Ireland [6]. - Toast's position as the fourth largest retailer merchant in the U.S. allows it to benefit from lower credit card interchange fees, which could enhance its competitive edge [5]. Group 2: Financial Performance - Despite the growth in revenue, Toast reported a net loss of $83 million in Q1 2024 and a total loss of $248 million over the past year [7]. - The company's total operating expenses have increased by 145.7%, while revenue has surged by 186.9% [11]. - The stock is currently trading at approximately 58 times the expected adjusted EBITDA, indicating high market expectations for future profitability [8][9]. Group 3: Market Sentiment and Analyst Opinions - Analyst Dan Dolev upgraded Toast's stock rating to outperform, setting a price target of $33 per share, suggesting a potential 21% gain over the next year [1]. - The stock market valuation reflects expectations for continued rapid sales growth and a transition to profitability, but any setbacks could lead to significant losses for investors [9][10].

The case for Toast There are several growth opportunities that management has identified and is already investing in. It continues to add locations in its core business at a healthy pace, and 20% of new locations come from referrals. Do you like to eat out? You might have noticed recently that more and more restaurants have shiny new hardware to take orders and accept payment, whether fast food or sit-down style. Toast (TOST 2.49%) is one of the most popular versions, and it's growing quickly. Its stock is ...

Toast (TOST 2.49%) has quickly emerged as a leader in the digital transformation of the restaurant industry. With shares trading near a 52-week high, could shares of Toast still make an appetizing addition to your portfolio? While point-of-sale equipment and food ordering technology have long been staples of small and large dining establishments, Toast stands out with its vertically integrated platform. Its cloud-based management suite supports all aspects of often-complex restaurant operations. The latest ...

Shares of this restaurant software provider have returned +7.3% over the past month versus the Zacks S&P 500 composite's +4.3% change. The Zacks Internet - Software industry, to which Toast belongs, has gained 0.1% over this period. Now the key question is: Where could the stock be headed in the near term? Revisions to Earnings Estimates For the current quarter, Toast is expected to post a loss of $0.02 per share, indicating a change of +89.5% from the year-ago quarter. The Zacks Consensus Estimate remained ...

TINTON FALLS, N.J., July 8, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced that long-term Commvault executive and current Chief Financial Officer (CFO), Gary Merrill, will transition to a new role, serving as the company's first Chief Commercial Officer (CCO). In this role, Merrill will lead the company's global sales and partner teams. DiRico spent close to a decade at Toast, where she was instrumental in its succes ...

Company Performance - Toast's shares have increased by 8.84% over the last month, outperforming the Computer and Technology sector's gain of 6.18% and the S&P 500's gain of 3.38% [1] - In the latest trading session, Toast closed at $25.72, with no change from the previous day, which was less than the S&P 500's daily gain of 0.09% [4] - The Zacks Consensus Estimates suggest analysts expect Toast to report earnings of -$0.14 per share and revenue of $4.9 billion for the full year, marking changes of +70.21% and +26.71% respectively from last year [5] Analyst Estimates - Recent changes to analyst estimates for Toast reflect short-term business trends, with positive revisions indicating analyst optimism about the company's business and profitability [2] - The Zacks Consensus EPS estimate for Toast has moved 8.83% higher over the past month, and the company currently holds a Zacks Rank of 2 (Buy) [6] Upcoming Earnings - Toast is projected to report earnings of -$0.02 per share in its upcoming earnings disclosure, representing year-over-year growth of 89.47% [8] - The latest consensus estimate predicts revenue of $1.23 billion for the upcoming quarter, indicating a 25.45% increase compared to the same quarter of the previous year [8] Industry Context - The Internet - Software industry, which includes Toast, has a Zacks Industry Rank of 83, placing it in the top 33% of over 250 industries [3] - The Zacks Industry Rank assesses the strength of industry groups by calculating the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [10]

Social Commerce Platform Appoints Two New Vice Presidents, Signaling Commitment to Expansion and Innovation in Influencer Marketing Landscape CHICAGO, June 25, 2024 /PRNewswire/ -- Mavely, the Everyday Influencer Platform® unlocking performance-based social commerce for the world's favorite brands, today announced two new executive hires who will be instrumental in supporting the brand's accelerated growth and commitment to strengthening leadership. Usaid Khan will serve as Mavely's Vice President of Busine ...