Shares of Toast, Inc. (TOST) soared 5.10% in after-hours trading following the release of its first-quarter 2025 financial results. The restaurant technology company's strong performance and meeting analyst expectations have sparked investor enthusiasm.
Toast reported adjusted earnings of 9 cents per share for the quarter ended March 31, matching the mean expectation of twenty-four analysts. This marks a significant improvement from the same quarter last year when the company reported a loss of 15 cents per share. Revenue rose 24.4% to $1.34 billion, aligning perfectly with analyst projections. The company also reported a quarterly net income of $56 million, demonstrating its ability to generate profit in a competitive market.
The positive earnings report comes amid growing analyst confidence in Toast's prospects. The mean earnings estimate for the company has risen by about 76.7% over the last three months, with no negative revisions in the past 30 days. Wall Street maintains a bullish outlook on Toast, with a current average analyst rating of "buy" and a median 12-month price target of $42.00. The stock's after-hours surge suggests that investors are optimistic about Toast's growth trajectory and its position in the restaurant technology sector.
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