Toast (TOST) closed at $26.19 in the latest trading session, marking a +0.38% move from the prior day. This move lagged the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Coming into today, shares of the restaurant software provider had gained 5.16% in the past month. In that same time, the Computer and Technology sector gained 3.3%, while the S&P 500 gained 4.86%. The investment community will be paying close attention to the earnings performance of ...

Toast (TOST) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this restaurant software provider have returned +6.2% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Internet - Software industry, to which Toast belongs, has gained 7.1% over this period. Now the key question is: Where could the stock be headed in the near term? While media releas ...

Shares of this software enterprise are well below their all-time high. Hitting the public markets in September 2021 was probably poor timing for Toast (TOST -3.38%). Shares were up in the first few weeks following the initial public offering (IPO). However, they have cratered since then. Shares of this software-as-a-service business currently trade 62% off their all-time high, now at a compelling price-to-sales ratio of 3.1. This might be all the convincing that investors need to buy the stock. But before y ...

standret/iStock via Getty Images Right now, despite the euphoric mood in the stock markets, most investors are bracing for a potential U.S. recession in the back half of the year. Companies like Yelp (YELP) have already warned that the retail and restaurant space is slowing down, which is a clear leading indicator of the U.S. consumer pinching budgets. Yet against this backdrop, point-of-sale technology company Toast (NYSE:TOST) has never looked healthier. On top of achieving stellar revenue and ARR growth ...

Toast (TOST) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this restaurant software provider have returned -2.4%, compared to the Zacks S&P 500 composite's +2.2% change. During this period, the Zacks Internet - Software industry, which Toast falls in, has gained 7.2%. The key question now is: What could be the stock's future direct ...

Here's why the stock has a lot of potential upside. Toast (TOST 0.98%) unexpectedly turned a profit in the second quarter, but its shares were still unable to gain any traction following its strong results and increased guidance. Shares of the cloud-based restaurant management software company are up over 25% year to date, but well off its recent highs. Let's look at the company's most recent quarterly results, future prospects, and valuation to see if this is a good time to buy the beaten-down stock. Incre ...

Toast Inc (TOST) closed 6.1% lower at $22.71 last session, even after the fintech company's second-quarter earnings and revenue exceeded estimates. Anytime there's a top-line beat but the stock moves lower, its worth a closer look under the hood to see if there's a 'buy the dip' opportunity. The stock is down 13.1% already in August, but could soon stage a bounce after encountering a historically bullish trendline. The stock is within one standard deviation of its 126-day moving average, after trading above ...

Start Time: 17:00 January 1, 0000 5:46 PM ET Toast, Inc. (NYSE:TOST) Q2 2024 Earnings Conference Call August 06, 2024, 17:00 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 Tien-Tsin Huang - JPMorgan Dan Dolev - Mizuho William Nance - Goldman Sachs Stephen Sheldon - William Blair Tim Chiodo - UBS Harshita Rawat - Bernstein Josh Baer - Morgan Stanley Matthew Coad - Autonomous David Hynes - Ca ...

Toast (TOST) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.19 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this restaurant software provider would post a loss of $0.16 per share when it actually produced a loss of $0.15, delivering a surprise of 6.25%. Over the last four quarters, t ...

Financial Performance - Total revenue for the three months ended June 30, 2024, was $1,242 million, a 27% increase from $978 million in the same period of 2023[76] - Subscription services revenue increased by 37% to $166 million for the three months ended June 30, 2024, compared to $121 million in the prior year[76] - Financial technology solutions revenue grew by 27% to $1,023 million for the three months ended June 30, 2024, up from $808 million in the same period of 2023[76] - Annualized Recurring Run-Rate (ARR) reached $1,473 million, reflecting a 29% increase from $1,140 million in the previous year[71] - For the three months ended June 30, 2024, the company reported a net income of $14 million, compared to a net loss of $98 million for the same period in 2023[91] - Adjusted EBITDA for the six months ended June 30, 2024, was $148 million, a significant increase from a loss of $3 million in the same period in 2023[91] - Financial technology solutions revenue for the six months ended June 30, 2024, reached $1,896 million, compared to $1,482 million for the same period in 2023, marking a 28% increase[93] - The company achieved a gross profit of $330 million from Subscription Services and Financial Technology Solutions for the three months ended June 30, 2024, compared to $259 million in the same period in 2023, reflecting a 27% increase[95] Costs and Expenses - Total costs of revenue for the three months ended June 30, 2024, were $956 million, a 24% increase from $770 million in the same period of 2023[78] - Sales and marketing expenses increased by 15% to $115 million for the three months ended June 30, 2024, compared to $100 million in the prior year[81] - Research and development expenses decreased by 5% to $87 million for the three months ended June 30, 2024, down from $92 million in the same period of 2023[82] - General and administrative expenses decreased by 22% to $75 million for the three months ended June 30, 2024, compared to $96 million in the same period of 2023[83] Cash Flow and Liquidity - Free cash flow for the six months ended June 30, 2024, was $75 million, a turnaround from a negative cash flow of $(26) million in the same period in 2023[97] - As of June 30, 2024, the company had cash and cash equivalents of $691 million, an increase from $605 million as of December 31, 2023[98] - The company has a share repurchase program authorized for up to $250 million, with $36 million spent to repurchase 1 million shares during the six months ended June 30, 2024[105] - The total available funds under the senior secured credit facility remained at $330 million as of June 30, 2024, with no amounts drawn or outstanding[104] - The company believes that existing cash and cash equivalents, along with available borrowing capacity, will be sufficient to meet working capital needs for at least the next 12 months[107] Market and Risk Factors - The company is exposed to financial market risks, including changes in interest rates and foreign currency exchange rates, with no material changes in market and credit risk since the last annual report[108] Shareholder Information - As of June 30, 2024, the total fully diluted share count was 635 million, including 560 million Class A and B common stock, 36 million options, 28 million unvested restricted stock units, 7 million warrants, and 4 million shares reserved for charitable donations[106] Other Financial Metrics - Interest income increased by 11% to $10 million for the three months ended June 30, 2024, compared to the previous year[85] - The change in fair value of warrant liability for the three months ended June 30, 2024, was a gain of $1 million, compared to a loss of $26 million in the same period in 2023[91] - As of June 30, 2024, Toast has approximately 120,000 Locations, a 29% year-over-year increase, processing approximately $143 billion in gross payment volume (GPV) over the trailing 12 months[67]