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 Trading Down 0.2 %

Shares of WAY traded down $0.07 during mid-day trading on Friday, reaching $31.62. The stock had a trading volume of 2,218,007 shares, compared to its average volume of 879,283. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $27.65. Waystar has a 52-week low of $20.26 and a 52-week high of $33.25.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. The firm’s revenue was up 21.7% compared to the same quarter last year. Sell-side analysts forecast that Waystar will post -0.08 EPS for the current year.

Analysts Set New Price Targets

WAY has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their price target on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Bank of America raised their price target on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Canaccord Genuity Group boosted their price target on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $31.90.

About Waystar

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