Toast Inc reports results for the quarter ended September 30 - Earnings Summary

• Toast Inc TOST.N reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of twenty one analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 4 cents per share.

• Revenue rose 26.5% to $1.31 billion from a year ago; analysts expected $1.29 billion.

• Toast Inc's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $40 million.

• Toast Inc shares had risen by 15.4% this quarter and gained 78.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Toast Inc is 34.50

This summary was machine generated from LSEG data November 8 at 04:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)