Toast (TOST) Misses Q1 EPS by 1c

Toast (NYSE: TOST) reported Q1 EPS of ($0.15), $0.01 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.04 billion.

Outlook1

For the second quarter ending June 30, 2024, Toast expects to report:

Non-GAAP subscription services and financial technology solutions gross profit in the range of $320 million to $330 million (20-24% growth compared to Q2 2023)

Adjusted EBITDA in the range of $55 million to $65 million

For the full year ending December 31, 2024, Toast expects to report:

Non-GAAP subscription services and financial technology solutions gross profit in the range of $1,325 million to $1,345 million (25-27% growth compared to 2023, up from 23-25% growth)

Adjusted EBITDA in the range of $250 million to $270 million (up from $200 million to $220 million)

For earnings history and earnings-related data on Toast (TOST) click here.

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