Waystar (NASDAQ:WAY) Issues 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. Waystar also updated its FY 2024 guidance to 0.300-0.320 EPS.

Waystar Stock Down 0.2 %

Shares of Waystar stock traded down $0.07 during trading hours on Friday, hitting $31.62. The company’s stock had a trading volume of 2,178,783 shares, compared to its average volume of 879,283. Waystar has a 12 month low of $20.26 and a 12 month high of $33.25. The stock has a 50 day simple moving average of $27.57. 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 posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to analyst estimates of $216.25 million. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. As a group, equities analysts predict that Waystar will post -0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WAY. Evercore ISI upped their price objective on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada upped their price objective on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Canaccord Genuity Group increased their price target on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, August 19th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Waystar presently has a consensus rating of “Buy” and a consensus price target of $31.90.

About Waystar

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