Waystar (NASDAQ:WAY) Releases FY 2024 Earnings Guidance

Waystar (NASDAQ:WAY) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.300-0.320 for the period, compared to the consensus estimate of 0.270. The company issued revenue guidance of $926.0 million-$934.0 million, compared to the consensus revenue estimate of $912.2 million. Waystar also updated its FY24 guidance to $0.30-$0.32 EPS.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WAY. Bank of America upped their target price on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada lifted their price objective on Waystar from $27.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, August 19th. Finally, Evercore ISI lifted their price objective on Waystar from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $29.90.

Waystar Stock Performance

NASDAQ:WAY traded up $0.42 during trading hours on Wednesday, hitting $29.44. The company’s stock had a trading volume of 1,191,265 shares, compared to its average volume of 830,831. The company has a fifty day simple moving average of $27.47. Waystar has a 52-week low of $20.26 and a 52-week high of $30.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million during the quarter, compared to analysts’ expectations of $216.25 million. During the same period in the prior year, the firm posted ($0.07) EPS. Waystar’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Waystar will post -0.08 earnings per share for the current fiscal year.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.