Waystar (NASDAQ:WAY) Releases FY 2024 Earnings Guidance

Waystar (NASDAQ:WAY) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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.

Waystar Price Performance

Shares of Waystar stock traded down $0.07 during trading on Friday, reaching $31.62. 2,218,007 shares of the company’s stock were exchanged, compared to its average volume of 879,283. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 2.15. Waystar has a 1-year low of $20.26 and a 1-year high of $33.25. The company has a 50-day simple moving average of $27.65.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Bank of America boosted their price objective on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Canaccord Genuity Group boosted their price objective on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI upped their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Royal Bank of Canada upped their price target on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Waystar has a consensus rating of “Buy” and a consensus price target of $31.90.

Waystar Company Profile

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