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 guidance of 0.300-0.320 for the period, compared to the consensus earnings per share 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 Stock Up 1.5 %

Shares of NASDAQ:WAY traded up $0.42 during trading on Wednesday, hitting $29.44. 1,191,265 shares of the company’s stock were exchanged, compared to its average volume of 830,831. Waystar has a 1-year low of $20.26 and a 1-year high of $30.22. The company’s 50-day moving average is $27.47. 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 announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. During the same period in the previous year, the firm posted ($0.07) EPS. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, sell-side analysts forecast that Waystar will post -0.08 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, August 19th. Evercore ISI increased their target price on shares of Waystar from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their target price on shares of Waystar from $27.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Bank of America raised their price objective on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Waystar currently has an average rating of “Buy” and a consensus price target of $29.90.

About Waystar

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