Analysts Expect Toast, Inc. (NYSE:TOST) to Post -$0.24 EPS

Wall Street analysts expect Toast, Inc. (NYSE:TOSTGet Rating) to report earnings of ($0.24) per share for the current quarter, Zacks reports. Five analysts have issued estimates for Toast’s earnings. The highest EPS estimate is ($0.21) and the lowest is ($0.26). The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Toast will report full-year earnings of ($0.75) per share for the current year, with EPS estimates ranging from ($0.84) to ($0.67). For the next fiscal year, analysts forecast that the company will report earnings of ($0.88) per share, with EPS estimates ranging from ($1.03) to ($0.71). Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Toast.

A number of equities analysts recently issued reports on TOST shares. Canaccord Genuity Group lowered their price target on Toast from $34.00 to $25.00 in a report on Friday, May 13th. Morgan Stanley lowered their price target on Toast from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, February 16th. Needham & Company LLC lowered their price target on Toast from $38.00 to $21.00 in a report on Friday, May 13th. Credit Suisse Group started coverage on Toast in a report on Monday, March 28th. They set a “neutral” rating and a $22.00 price target on the stock. Finally, Piper Sandler lowered their price target on Toast from $48.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $31.33.

Shares of TOST traded up $0.57 during midday trading on Friday, reaching $15.36. 7,608,922 shares of the stock were exchanged, compared to its average volume of 6,494,045. The business’s 50-day moving average price is $18.46 and its 200 day moving average price is $27.02. Toast has a twelve month low of $11.91 and a twelve month high of $69.93.

In other news, CFO Elena Gomez sold 1,870 shares of Toast stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $19.33, for a total transaction of $36,147.10. Following the completion of the sale, the chief financial officer now directly owns 58,484 shares in the company, valued at approximately $1,130,495.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Technology Investment Dining G sold 3,096,741 shares of Toast stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $14.12, for a total transaction of $43,725,982.92. Following the sale, the insider now owns 20,524,970 shares of the company’s stock, valued at $289,812,576.40. The disclosure for this sale can be found here. Insiders sold a total of 7,696,510 shares of company stock worth $108,880,285 in the last ninety days.

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Toast during the 3rd quarter worth approximately $30,000. AllSquare Wealth Management LLC acquired a new position in shares of Toast during the 3rd quarter worth approximately $36,000. Advisor Group Holdings Inc. acquired a new position in shares of Toast during the 3rd quarter worth approximately $41,000. Evoke Wealth LLC acquired a new position in shares of Toast during the 4th quarter worth approximately $32,000. Finally, IFP Advisors Inc raised its holdings in Toast by 129.3% in the 4th quarter. IFP Advisors Inc now owns 1,339 shares of the company’s stock valued at $47,000 after acquiring an additional 755 shares during the last quarter. Hedge funds and other institutional investors own 38.86% of the company’s stock.

Toast Company Profile (Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

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Earnings History and Estimates for Toast (NYSE:TOST)

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