Toast ($TOST) is set to report earnings on 2/19 after market close, and all signs point to a strong beat. The company has been on a solid growth trajectory, turning profitable last quarter with $56M in net income, a huge shift from previous losses. Revenue hit $1.305B, up 26% YoY, and Q4 is expected to see similar growth. Analysts project $0.06 EPS (185.7% YoY growth) and $1.31B revenue (+26.6% YoY)! Institutions are also loading up. Kessler Investment Group just grabbed 113K shares, showing confidence in the stock. Historically, TOST has reacted well to earnings beats, with a 13.7% implied move. Q4 is also historically one of the busiest seasons for restaurants due to the holidays, with increased dining, catering, and takeout orders driving higher transaction volumes. Since Toast makes money from restaurant transactions, they likely saw a seasonal boost in revenue, further supporting an earnings beat. I plan on buying some 3/7 $42 calls either tomorrow or Wednesday right before close. Given their momentum and market positioning, I see TOST pushing towards $45+ post-ER.