Toast Sees Q3 Revenue $1.01B-$1.04B Vs $1B Est.; FY23 Revenue $3.81B-$3.87B Vs $3.78B Est.
Portfolio Pulse from Happy Mohamed
Toast Inc. has updated its Q3 and FY23 revenue outlook. For Q3, the company expects revenue between $1.01 billion and $1.04 billion, slightly above the $1 billion estimate. For FY23, the revenue is expected to be between $3.81 billion and $3.87 billion, surpassing the $3.78 billion estimate. Adjusted EBITDA for Q3 is expected to be between $15 million and $25 million, and for FY23, it's expected to be between $15 million and $35 million.
August 08, 2023 | 8:29 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Toast Inc. has raised its Q3 and FY23 revenue outlook, which is expected to positively impact its stock price in the short term.
Toast Inc. has raised its revenue outlook for Q3 and FY23, which is above the market estimates. This indicates strong business performance and could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100