Waystar (WAY) Set to Announce Quarterly Earnings on Wednesday

Waystar (NASDAQ:WAY - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce 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.Parties that are interested in participating in the company's conference call can do so using this link.

Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. Waystar's revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. 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 traded up $0.46 during trading on Wednesday, reaching $28.57. The company's stock had a trading volume of 1,147,981 shares, compared to its average volume of 834,627. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $27.22. Waystar has a one year low of $20.26 and a one year high of $29.41.

Wall Street Analysts Forecast Growth

WAY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Waystar from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, August 19th. Bank of America increased their price objective on Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Waystar from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Royal Bank of Canada increased their price objective on Waystar from $27.00 to $31.00 and gave the company an "outperform" rating in a research report on Friday, September 6th. Finally, Raymond James started coverage on Waystar in a research report on Tuesday, July 2nd. They set an "outperform" rating and a $30.00 price objective on the stock. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target 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.