Toast (TOST) Registers a Bigger Fall Than the Market: Important Facts to Note

Group 1 - Toast's stock price decreased by 2.84% to $43.03, underperforming the S&P 500's daily loss of 0.11% [1] - Over the past month, Toast's shares increased by 3.02%, while the Computer and Technology sector and the S&P 500 gained 8.76% and 5.17%, respectively [1] Group 2 - Toast is expected to report an EPS of $0.23, reflecting a significant increase of 1050% compared to the same quarter last year [2] - The projected revenue for the upcoming earnings release is $1.53 billion, which is a 23.45% increase from the previous year [2] Group 3 - For the entire fiscal year, earnings are projected at $0.95 per share, representing a 3066.67% increase, and revenue is expected to be $6 billion, up 21.06% from the prior year [3] - Recent changes to analyst estimates for Toast can indicate short-term business trends, with positive revisions suggesting an optimistic outlook [3] Group 4 - The Zacks Rank system, which evaluates estimate changes, has shown a correlation with stock price performance, with stocks rated 1 historically producing an average annual return of +25% since 1988 [4][5] - Currently, Toast holds a Zacks Rank of 3 (Hold) [5] Group 5 - Toast's Forward P/E ratio is 46.72, indicating a premium compared to the industry average Forward P/E of 29.16 [6] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 40, placing it in the top 17% of over 250 industries [6] Group 6 - The Zacks Industry Rank assesses the performance of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]