Compared to Estimates, Toast (TOST) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Toast (TOST) reported revenue of $1.31 billion, up 26.5% over the same period last year. EPS came in at $0.07, compared to -$0.09 in the year-ago quarter.
The reported revenue represents a surprise of +1.40% over the Zacks Consensus Estimate of $1.29 billion. With the consensus EPS estimate being $0.01, the EPS surprise was +600.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Toast performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Subscription Annualized Recurring Run-Rate: $780 million compared to the $775.65 million average estimate based on three analysts.
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Gross Payment Volume (GPV): $41.7 billion compared to the $41.98 billion average estimate based on three analysts.
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Total Annualized Recurring Run-Rate (ARR): $1.55 billion compared to the $1.57 billion average estimate based on two analysts.
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Payments Annualized Recurring Run-Rate: $774 million compared to the $792.21 million average estimate based on two analysts.
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Revenue- Financial technology solutions: $1.07 billion compared to the $1.06 billion average estimate based on five analysts.
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Revenue- Subscription services: $189 million versus the five-analyst average estimate of $175.82 million.
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Revenue- Hardware and professional services: $49 million versus the five-analyst average estimate of $49.03 million.
View all Key Company Metrics for Toast here>>>
Shares of Toast have returned +10.9% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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