Waystar (WAY) Expected to Announce Quarterly Earnings on Wednesday

Waystar (NASDAQ:WAY) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $232.29 million for the quarter. Waystar has set its FY24 guidance at $0.30-$0.32 EPS and its FY 2024 guidance at 0.300-0.320 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The firm’s revenue was up 21.7% compared to the same quarter last year. On average, analysts expect Waystar to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Waystar Price Performance

NASDAQ WAY opened at $40.28 on Tuesday. Waystar has a 1 year low of $20.26 and a 1 year high of $41.74. The company has a fifty day simple moving average of $35.77 and a 200 day simple moving average of $30.00. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WAY. Canaccord Genuity Group increased their target price on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada boosted their price objective on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Evercore ISI boosted their price target on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America lifted their target price on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group upped their price target on shares of Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waystar presently has a consensus rating of “Buy” and an average price target of $35.10.

Insiders Place Their Bets

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the sale, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

About Waystar

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