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 guidance of $0.30-$0.32 for the period, compared to the consensus earnings per share 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 Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price 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. Bank of America raised their target price on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. Evercore ISI upped their price objective on Waystar from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada boosted their target price on Waystar from $27.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Waystar presently has a consensus rating of “Buy” and a consensus target price of $29.90.

Waystar Stock Performance

Shares of NASDAQ:WAY traded up $0.42 during midday trading on Wednesday, reaching $29.43. 1,188,461 shares of the company traded hands, 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 fifty day moving average price is $27.41. 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 (NASDAQ:WAY) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Waystar’s revenue was up 19.6% compared to the same quarter last year. Research analysts predict that Waystar will post -0.08 EPS for the current year.

Waystar Company Profile

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