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 Trading Down 0.2 %

WAY traded down $0.07 during trading on Friday, reaching $31.62. 2,218,007 shares of the company traded hands, 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 business’s fifty day simple moving average is $27.65. 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 earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $223.82 million. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities analysts expect that Waystar will post -0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group increased their price objective on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, August 19th. Bank of America boosted their price target on Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Evercore ISI raised their price objective on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price 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.