Restaurant technology platform Toast (NYSE: TOST) will be reporting earnings this Tuesday after the bell. Here’s what you need to know.

Toast beat analysts’ revenue expectations last quarter, reporting revenues of $1.91 billion, up 23.1% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ billings 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 20.8% year on year, slowing from the 25.1% 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 Q3 results, giving us a hint as to what we can expect. Agilysys delivered year-on-year revenue growth of 17.7%, beating analysts’ expectations by 2.6%, and Cadence Design Systems reported revenues up 22%, topping estimates by 1.1%. Agilysys traded down 6.2% following the results while Cadence Design Systems was up 6.5%.

Read our full analysis of Agilysys’s results here and Cadence Design Systems’s results here.

There has been positive sentiment among investors in the vertical software segment, with share prices up 5% on average over the last month. Toast is up 5.5% during the same time and is heading into earnings with an average analyst price target of $38.81 (compared to the current share price of $31.68).

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