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Waystar (WAY) Soars 7.1%: Is Further Upside Left in the Stock?
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Waystar Holding (WAY - Free Report) shares ended the last trading session 7.1% higher at $26.67. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.9% gain over the past four weeks.
Waystar Holding is benefiting from strong demand for its AI-powered revenue cycle management solutions, expanding client relationships, platform consolidation, and increased adoption of integrated clinical and financial capabilities that drive operational efficiency and better financial outcomes for healthcare providers.
This health care payments software maker is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +10.8%. Revenues are expected to be $324.11 million, up 20.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Waystar, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WAY going forward to see if this recent jump can turn into more strength down the road.
Waystar belongs to the Zacks Internet - Software industry. Another stock from the same industry, Consensus Cloud Solutions, Inc. (CCSI - Free Report) , closed the last trading session 3% higher at $38.03. Over the past month, CCSI has returned 0.2%.
Consensus Cloud Solutions' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.42. Compared to the company's year-ago EPS, this represents a change of +2.9%. Consensus Cloud Solutions currently boasts a Zacks Rank of #3 (Hold).
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Waystar (WAY) Soars 7.1%: Is Further Upside Left in the Stock?
Waystar Holding (WAY - Free Report) shares ended the last trading session 7.1% higher at $26.67. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.9% gain over the past four weeks.
Waystar Holding is benefiting from strong demand for its AI-powered revenue cycle management solutions, expanding client relationships, platform consolidation, and increased adoption of integrated clinical and financial capabilities that drive operational efficiency and better financial outcomes for healthcare providers.
This health care payments software maker is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +10.8%. Revenues are expected to be $324.11 million, up 20.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Waystar, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WAY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Waystar belongs to the Zacks Internet - Software industry. Another stock from the same industry, Consensus Cloud Solutions, Inc. (CCSI - Free Report) , closed the last trading session 3% higher at $38.03. Over the past month, CCSI has returned 0.2%.
Consensus Cloud Solutions' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.42. Compared to the company's year-ago EPS, this represents a change of +2.9%. Consensus Cloud Solutions currently boasts a Zacks Rank of #3 (Hold).