Earnings Preview For Toast
Portfolio Pulse from Benzinga Insights
Toast (NYSE:TOST) is scheduled to release its quarterly earnings report on February 15, 2024, with an expected EPS of $-0.11. Analysts and investors are keen on whether Toast will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price post-earnings announcements, with the last quarter showing a 13.68% drop despite beating EPS estimates. Shares are currently trading at $19.42, down 2.05% over the last year, indicating investor concern ahead of the earnings release.
February 14, 2024 | 6:01 pm
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NEUTRAL IMPACT
Toast is expected to report an EPS of $-0.11 for the upcoming quarter. Historical performance shows volatility in stock price post-earnings, with a significant drop last quarter despite beating estimates. Shares have been down over the past year.
Toast's upcoming earnings report is crucial given its past performance and the current trading price. The expected EPS and historical volatility post-earnings suggest a cautious outlook. However, the potential for positive guidance could influence short-term stock movement. The mixed historical reaction to earnings and the current negative year-to-date performance underline the uncertainty and potential for either direction in stock price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100