Toast Inc reports results for the quarter ended March 31 - Earnings Summary

• Toast Inc TOST.N reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 5 cents to 18 cents per share.

• Revenue rose 24.4% to $1.34 billion from a year ago; analysts expected $1.34 billion.

• Toast Inc's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $56 million.

• Toast Inc shares had risen by 7.2% this quarter and lost 2.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 76.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 15 "hold" and no "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 $42.00

This summary was machine generated from LSEG data May 8 at 09:00 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)