10/28/2022 0 Comments Toast stock![]() The analyst believes that Toast has an “exceptionally large addressable market,” making the investment ramp-up appropriate, he said. The investments were weighing on Ebitda estimates for the following year, and include funding for research and development, sales capacity, and international expansion, Sheldon added. “While top-line guidance for 2022 came in well above our expectations, the company plans to ramp up investments heavily in 2022, which we believe is encouraging from a long-term perspective, but may weigh on shares some in the near term,” Sheldon wrote. Regardless, observers were skittish about the company’s guidance. Baer maintained an Overweight rating on Toast stock. Morgan Stanley’s Baer said he would be a buyer on the anticipated volatility and pullback in shares following mixed quarterly results and guidance. While the net additions were solid, they were mainly in line with consensus and below bullish expectations, he wrote in a research note. ![]() #TOAST STOCK DRIVER#For Morgan Stanley analyst Josh Baer, locations are a key driver to long-term success. Toast ended the quarter with approximately 57,000 live locations on the platform, up from around 40,000 locations during the same quarter last year. “Toast reported strong fourth-quarter results, significantly beating expectations on most relevant financial metrics,” wrote William Blair analyst Stephen Sheldon in a research note. Street sentiment was mainly positive on the fourth-quarter results, despite the earnings miss. She added, “The restaurant industry is going through a massive change driven by undeniable trends in the world across labor, supply chain and guest adoption of technology.” ![]() “We are deliberately investing to drive long-term growth,” Elena Gomez, Toast CFO, said in an earnings call with analysts. Toast, which completed an initial public offering in September, attributed the lower-than-expected guidance to making investments. The company put the year adjusted Ebitda loss in the range from $200 million to $240 million, while analysts had expected an Ebitda loss at the lower end of that range, at $212.3 million. Toast estimates a first-quarter loss from adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) in the range from $55 million to $65 million, far wider than the $52.1 million Ebitda loss Wall Street was expecting. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |