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Waystar Holding Corp. (WAY)
NASDAQ:WAY
Holding WAY?
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
-0.09Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 25.51%
|Next Earnings Date:Aug 07, 2024
Earnings Call Sentiment|Positive
The earnings call presented a largely positive outlook with significant growth in revenue and EBITDA, successful debt reduction, and strong client retention figures. Despite the operational challenges from the cyber event and office relocation expenses, the company's strategic initiatives, including advancements in AI and client satisfaction, indicate sustained growth and innovation.Company Guidance
During Waystar's Q3 2024 earnings call, the company provided detailed guidance and updated their financial outlook for the year. Revenue for the quarter reached $240 million, marking a 22% year-over-year increase, with net revenue retention at 109% and a 14% rise in clients generating over $100,000 in trailing 12-month revenue. The adjusted EBITDA was $97 million, reflecting a 19% year-over-year increase and a 40% adjusted EBITDA margin. Additionally, unlevered free cash flow improved to $89 million, leading to a reduction in the net leverage ratio to 3x. For the full year 2024, Waystar raised its revenue guidance to a range of $926 million to $934 million, suggesting an 18% growth over 2023, and projected adjusted EBITDA to be between $374 million and $378 million, maintaining a 40% margin. Looking ahead to 2025, the company anticipates revenue approaching $1 billion, reflecting high single-digit growth on an as-reported basis and low double-digit growth on a normalized basis.Strong Revenue Growth
Waystar delivered Q3 revenue of $240 million, representing a 22% year-over-year increase, an acceleration from the 20% growth in Q2 2024.
Sustainable Growth Metrics
Net revenue retention was consistent at 109%, and the number of clients generating more than $100,000 in trailing 12-month revenue grew to 1,173, an increase of 14% year-over-year.
Adjusted EBITDA Growth
Adjusted EBITDA reached $97 million, reflecting a 19% year-over-year increase and a 40% adjusted EBITDA margin.
Debt Reduction Success
Waystar successfully lowered its net leverage ratio to 3x, compared to 3.7x at the end of Q2 2024, with net debt reduced by over $1 billion since the beginning of the year.
Platform Innovation and AI
Waystar is actively working on over a dozen generative AI use cases, with plans to begin launching in 2025.
Client and Employee Recognition
Waystar received several awards, including the Gold Stevie Award for Company of the Year in Healthcare and recognition as a great place to work by several organizations.
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WAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $29.44 | $31.69 | +7.64% |
| Aug 07, 2024 | $21.58 | $23.84 | +10.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Waystar Holding Corp. (WAY) report earnings?
Waystar Holding Corp. (WAY) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Waystar Holding Corp. (WAY) earnings time?
Waystar Holding Corp. (WAY) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WAY EPS forecast?
WAY EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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