Waystar (WAY) to Release Quarterly Earnings on Wednesday

Waystar (NASDAQ:WAY) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Waystar to post earnings of $0.11 per share for the quarter. Waystar has set its FY24 guidance at $0.23-0.27 EPS and its FY 2024 guidance at 0.230-0.270 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data 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 firm had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. During the same period in the prior year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, analysts expect Waystar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Waystar Stock Up 0.8 %

Waystar stock opened at $28.77 on Monday. The business’s 50-day moving average price is $27.32. Waystar has a 52 week low of $20.26 and a 52 week high of $29.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15.

Analyst Ratings Changes

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

Waystar Company Profile

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