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

• Toast Inc TOST.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 9 cents to 16 cents per share.

• Revenue rose 24.8% to $1.55 billion from a year ago; analysts expected $1.52 billion.

• Toast Inc's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $80 million.

• Toast Inc shares had risen by 11.3% this quarter and gained 35.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 14 "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 $46.00, about 3.7% below its last closing price of $47.71

This summary was machine generated from LSEG data August 5 at 09:50 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)