TOST · PEAD ↑ 40

Toast reported Q3 2026 EPS of $0.30 on 2026-11-03, beating the $0.26 consensus by $0.04 (+15.4%).

Print-day reaction was a modest +0.33% versus the prior close, leaving the initial move well within normal noise range. The overnight gap to the T+1 open was -1.28%, a mild fade that did not carry conviction in either direction. Over the subsequent two trading days, price drifted a further -1.98%, pulling back from the intraday highs established on T+1. Nonetheless, cumulative abnormal return of +5.98% versus SPY.US — which declined 2.24% over the same window — puts TOST firmly in PEAD long territory; the read holds through 2027-01-29.