Waystar (NASDAQ:WAY) Updates FY24 Earnings Guidance

Waystar (NASDAQ:WAY) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.30-$0.32 for the period, compared to the consensus estimate of $0.27. The company issued revenue guidance of $926-$934 million, compared to the consensus revenue estimate of $911.69 million.

Wall Street Analysts Forecast Growth

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

Waystar Trading Up 1.4 %

Shares of NASDAQ WAY traded up $0.42 during midday trading on Wednesday, reaching $29.43. 1,188,461 shares of the stock were exchanged, compared to its average volume of 830,805. Waystar has a 12 month low of $20.26 and a 12 month high of $30.22. The business’s 50-day moving average is $27.41. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. Waystar’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) earnings per share. Equities research analysts predict that Waystar will post -0.08 EPS for the current year.

About Waystar

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