Waystar (NASDAQ:WAY) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Waystar (NASDAQ:WAY) posted its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05, Briefing.com reports. The firm had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Waystar updated its FY24 guidance to $0.23-0.27 EPS and its FY 2024 guidance to 0.230-0.270 EPS.

Waystar Stock Up 2.7 %

Waystar stock traded up $0.65 during mid-day trading on Friday, reaching $24.49. 549,180 shares of the company’s stock traded hands, compared to its average volume of 1,016,637. Waystar has a 12-month low of $20.26 and a 12-month high of $24.53.

Analysts Set New Price Targets

WAY has been the subject of a number of recent analyst reports. Bank of America initiated coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group started coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a “buy” rating and a $32.00 price target for the company. Royal Bank of Canada started coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued an “outperform” rating and a $27.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 target price on the stock. Finally, Canaccord Genuity Group started coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 target price on the stock. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $27.80.

Waystar Company Profile

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