Toast IPO Updates: Toast, Inc. (TOST) Stock Price, News, Quote
Toast IPO Updates: Toast, Inc. (TOST) Stock Price, News, Quote
Toast, Inc. is a cloud-based technology company established in the United States and Ireland that serves the restaurant business. Customers can order and pay from their mobile devices using Toast Order & Pay; Toast Flex; Toast Go, a handheld POS device that enhances the table turn times; and Toast Tap, a card reader that supports NFC, EMV, and MS; and Toast Order & Pay; which allows guests to order and pay from their mobile devices;
Toast, Inc. (TOST) Share Price
NYSE – NYSE Delayed Price. Currency in USD
43.68Â Â +0.58 (+1.35%)
At close: 4:00PM EST
43.68Â Â 0.00 (0.00%)
After hours: 04:42PM EST
| Previous Close | 43.10 |
| Open | 43.50 |
| Bid | 43.60 x 1800 |
| Ask | 43.91 x 800 |
| Day’s Range | 42.50 – 44.34 |
| 52 Week Range | 40.02 – 69.93 |
| Volume | 1,838,662 |
| Avg. Volume | 2,406,372 |
| Market Cap | 22.047B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.55 |
| Earnings Date | Nov 09, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 63.22 |
Toast beats expectations in its first earnings report since its IPO
In its first report since going public, Toast Inc.’s latest results and outlook beat expectations, but shares of the restaurant-focused payment-technology company fell in after-hours trading Tuesday.
Net loss of $252.5 million, or $1.05 per share, compared to $62.6 million, or 31 cents, in the year-earlier quarter, when the business had an IPO in late September. On a non-GAAP basis, Toast TOST, +1.35% posted a loss of $9.7 million, compared to the FactSet consensus of $43 million loss on Ebitda.
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Toast’s revenue more than doubled from $236.8 million to $486.4 million in a year. A revenue of $434 million was predicted by the FactSet analysts that follow the market.
Tuesday’s after-hours trade saw a 3 percent drop in the stock price.
A deficit on the basis of adjusted Ebitda of $40 million or more is expected in the fourth quarter, Toast predicts. An estimated $447 million in revenue and a loss of $56 million in adjusted Ebitda were expected from analysts’ forecasts.
