Why Toast (TOST) Dipped More Than Broader Market Today

Group 1 - Toast's stock closed at $39.95, down 2.06% from the previous day, underperforming the S&P 500 which lost 0.05% [1] - Over the past month, Toast's stock has decreased by 5.14%, while the Computer and Technology sector gained 5.42% and the S&P 500 gained 3.44% [1] Group 2 - Analysts forecast Toast to report an EPS of $0.25, a 257.14% increase from the same quarter last year, with revenue expected to be $1.59 billion, reflecting a 21.87% year-over-year increase [2] - For the entire fiscal year, earnings are projected at $0.97 per share and revenue at $6.07 billion, indicating increases of 3133.33% and 22.44% respectively from the previous year [3] Group 3 - Recent modifications to analyst estimates for Toast are crucial as they indicate changing near-term business trends, with positive revisions seen as a favorable sign for the business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Toast at 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [6] Group 4 - Toast is trading at a Forward P/E ratio of 42.05, which is higher than the industry average Forward P/E of 32 [7] - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [7]