Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Key TakeawaysToast swung to a profit in the third quarter, sending shares up nearly 15% Friday.The restaurant management software company also lifted its full-year forecast.With Friday's gains, the stock has doubled in value since the start of the year. Toast (TOST) shares jumped nearly 15% Friday after the restaurant management software company reported third-quarter results that topped estimates and boosted its outlook. The company swung to a third-quarter profit of $56 million or 7 cents per share, comp ...

Fintech stocks Block Inc (NYSE:SQ) and Toast Inc (NYSE:TOST) are staging opposite post-earnings reactions this morning. While the former beat earnings expectations for the third quarter, revenue came short of analysts' estimates. Meanwhile, the latter's top- and bottom-lines beat estimates.Block stock is down 7.7% to trade at $69.50 at last glance and now carries a 6.9% year-to-date deficit. Shares are on track for their worst single-day percentage loss since July 24 and are eyeing their third-straight week ...

I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.I have written about Toast, Inc. (NYSE: TOST ) several times since the beginning of the year, and each time I have rated the stock a "buy," as I believed the stock will continue to climb higher asAmrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fun ...

For the quarter ended September 2024, Toast (TOST) reported revenue of $1.31 billion, up 26.5% over the same period last year. EPS came in at $0.07, compared to -$0.09 in the year-ago quarter.The reported revenue represents a surprise of +1.40% over the Zacks Consensus Estimate of $1.29 billion. With the consensus EPS estimate being $0.01, the EPS surprise was +600.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 600%. A quarter ago, it was expected that this restaurant software provider would post a loss of $0.02 per share when it actually produced earnings of $0.02, delivering a surprise of 200%.Over the last four quarters, the company ...

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 P ...

Revenue Growth - Gross Payment Volume (GPV) for the three months ended September 30, 2024, was $41.7 billion, a 24% increase compared to $33.7 billion in the same period in 2023[80] - Total revenue for the three months ended September 30, 2024, was $1,305 million, a 26% increase compared to $1,032 million in the same period in 2023[85] - Subscription services revenue for the three months ended September 30, 2024, was $189 million, a 44% increase compared to $131 million in the same period in 2023[85] - Financial technology solutions revenue for the three months ended September 30, 2024, was $1,067 million, a 25% increase compared to $856 million in the same period in 2023[85] - Subscription services revenue for the three months ended September 30, 2024 was $189 million, an increase of 44% compared to $131 million in the same period in 2023[104] - Financial technology solutions revenue for the three months ended September 30, 2024 was $1,067 million, an increase of 25% compared to $856 million in the same period in 2023[104] Cost and Expense Management - Total costs of revenue for the three months ended September 30, 2024, were $983 million, a 22% increase compared to $806 million in the same period in 2023[87] - Sales and marketing expenses for the three months ended September 30, 2024, were $119 million, a 19% increase compared to $100 million in the same period in 2023[90] - Research and development expenses for the three months ended September 30, 2024, were $89 million, a 2% increase compared to $87 million in the same period in 2023[91] - General and administrative expenses for the three months ended September 30, 2024, were $80 million, an 18% decrease compared to $98 million in the same period in 2023[92] Financial Performance Metrics - Annualized Recurring Run-Rate (ARR) as of September 30, 2024, was $1,554 million, a 28% increase compared to $1,218 million in the same period in 2023[80] - Adjusted EBITDA for the three months ended September 30, 2024 was $113 million, compared to $35 million in the same period in 2023, reflecting improved financial performance[101] - Non-GAAP subscription services and financial technology solutions gross profit for the three months ended September 30, 2024 was $378 million, compared to $280 million in the same period in 2023[105] Cash Flow and Liquidity - Free cash flow for the nine months ended September 30, 2024 was $172 million, compared to $12 million in the same period in 2023, reflecting improved cash flow trends[108] - Cash and cash equivalents and marketable securities as of September 30, 2024 were $1,272 million, an increase from $1,124 million as of December 31, 2023[109] - Net cash provided by operating activities for the nine months ended September 30, 2024 was $213 million, compared to $43 million in the same period in 2023[108] - Net cash provided by operating activities increased during the nine months ended September 30, 2024, driven by a lower net loss and increased non-cash adjustments, partially offset by cash severance charges and higher working capital usage[113] - Net cash used in investing activities decreased during the nine months ended September 30, 2024, primarily due to net cash inflows from marketable securities, partially offset by increased capital expenditures[113] - Net cash provided by financing activities decreased during the nine months ended September 30, 2024, driven by cash outflows related to Warrant Repurchase and share repurchases, partially offset by increased cash inflows from common stock issuance[113] - The company repurchased approximately 2 million shares of Class A common stock for an aggregate amount of $56 million during the nine months ended September 30, 2024[116] - The 2021 senior secured credit facility has a minimum liquidity covenant of $250 million, with total available funds of $330 million as of September 30, 2024, and no amounts drawn or outstanding[115] - The company does not anticipate material changes in net working capital requirements, liquidity, or cash flows in the near term, other than disclosed items[114] - The company believes its existing cash, cash equivalents, and available borrowing capacity will be sufficient to meet working capital needs for at least the next 12 months[118] Warrant Liability and Other Financial Items - The change in fair value of warrant liability for the three months ended September 30, 2024 was $(19) million, a decrease of 106% compared to the same period in 2023, driven by increased stock prices and a reduction of outstanding warrants[95] - The change in fair value of warrant liability for the nine months ended September 30, 2024 was $(32) million, an increase of 640% compared to the same period in 2023, primarily due to an increase in the value of the common stock underlying the outstanding warrants[95] - Other income (expense), net for the three months ended September 30, 2024 was $15 million, compared to $0 in the same period in 2023, primarily due to the extinguishment of warrants[96] Share and Equity Information - The fully diluted share count as of September 30, 2024, was 628 million shares, including 565 million Class A and B common stock, 32 million options, 25 million unvested restricted stock units, 2 million warrants, and 4 million shares reserved for charitable donations[117] Market and Operational Metrics - As of September 30, 2024, approximately 127,000 Locations, an increase of 28% year over year, processing approximately $151 billion of gross payment volume in the trailing 12 months[76] Risk Management - The company is exposed to financial market risks, including interest rates, foreign currency exchange rates, and credit risk, with no material changes since the 2023 Annual Report[119]

Shares of this software enterprise have surged 70% just this year.With the prospect of the Federal Reserve embarking on a path of lowering interest rates in the near term, investors might be eyeing businesses that have better growth prospects as a result. Toast (TOST 1.62%) certainly falls into this category.Since its initial public offering in late 2021, shares of the restaurant technology specialist have struggled and are currently off by 53% from their all-time high, which was established in November 202 ...

The latest trading session saw Toast (TOST) ending at $30.04, denoting a -0.27% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq increased by 0.78%. Heading into today, shares of the restaurant software provider had gained 6.39% over the past month, outpacing the Computer and Technology sector's gain of 1.87% and the S&P 500's gain of 1.67% in that time. Investors will be eagerly ...