Toast (TOST) Reports Q2: Everything You Need To Know Ahead Of Earnings - The Chronicle-Journal
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Restaurant technology platform Toast ( NYSE: TOST ) will be reporting results this Tuesday after market close. Here's what to expect. Toast met analysts' revenue expectations last quarter, reporting revenues of $1.63 billion, up 21.9% year on year. It was a slower quarter for the company, with annual recurring revenue in line with analysts' estimates. Is Toast a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Toast's revenue to grow 21% year on year, slowing from the 24.8% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Toast rarely misses Wall Street's revenue estimates. Looking at Toast's peers in the vertical software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Agilysys delivered year-on-year revenue growth of 14.3%, beating analysts' expectations by 1.7%, and Cadence Design Systems reported revenues up 24.2%, topping estimates by 0.5%. Agilysys traded up 7.2% following the results while Cadence Design Systems was also up 1.8%. Read our full analysis of Agilysys's results here and Cadence Design Systems's results here. There has been positive sentiment...
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