Waystar (NASDAQ:WAY) Issues FY 2024 Earnings Guidance

Waystar (NASDAQ:WAY) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.300-0.320 for the period, compared to the consensus EPS 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

A number of brokerages have issued reports on WAY. Royal Bank of Canada raised their target price on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI increased their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group upped their price objective on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Waystar currently has an average rating of “Buy” and a consensus target price of $31.90.

Waystar Trading Down 0.2 %

Shares of NASDAQ WAY traded down $0.07 during trading hours on Friday, hitting $31.62. The company had a trading volume of 2,218,007 shares, compared to its average volume of 879,283. Waystar has a 1-year low of $20.26 and a 1-year high of $33.25. The firm’s 50 day moving average price is $27.65. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The business’s revenue was up 21.7% on a year-over-year basis. On average, equities research analysts anticipate that Waystar will post -0.08 EPS for the current fiscal year.

Waystar Company Profile

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