What is William Blair’s Forecast for Waystar Q4 Earnings?

Waystar Holding Corp. (NASDAQ:WAY) – Equities researchers at William Blair upped their Q4 2025 earnings per share estimates for shares of Waystar in a research report issued on Wednesday, October 29th. William Blair analyst R. Daniels now forecasts that the company will earn $0.33 per share for the quarter, up from their prior estimate of $0.28. The consensus estimate for Waystar’s current full-year earnings is $0.39 per share. William Blair also issued estimates for Waystar’s Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.38 EPS and Q4 2026 earnings at $0.37 EPS.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $268.65 million during the quarter, compared to analysts’ expectations of $256.12 million. Waystar had a return on equity of 6.83% and a net margin of 10.69%.The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. Waystar has set its FY 2025 guidance at 1.460-1.470 EPS.

A number of other brokerages have also recently commented on WAY. JMP Securities initiated coverage on Waystar in a report on Thursday, September 18th. They set a “market outperform” rating and a $48.00 target price for the company. Canaccord Genuity Group set a $54.00 target price on Waystar in a report on Thursday. Citizens Jmp initiated coverage on Waystar in a report on Thursday, September 18th. They set a “mkt outperform” rating and a $48.00 target price for the company. Mizuho raised their target price on Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Baird R W upgraded Waystar to a “strong-buy” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Waystar currently has a consensus rating of “Buy” and a consensus price target of $46.43.

Waystar Stock Performance

NASDAQ WAY opened at $35.85 on Monday. The stock has a market cap of $6.86 billion, a PE ratio of 57.82, a P/E/G ratio of 0.64 and a beta of 0.64. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. Waystar has a twelve month low of $28.27 and a twelve month high of $48.11. The stock has a fifty day simple moving average of $37.81 and a 200-day simple moving average of $37.87.

Institutional Investors Weigh In On Waystar

Several large investors have recently modified their holdings of WAY. Vanguard Group Inc. grew its holdings in Waystar by 62.1% during the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock worth $302,263,000 after acquiring an additional 3,099,211 shares during the period. William Blair Investment Management LLC grew its holdings in Waystar by 23.9% during the second quarter. William Blair Investment Management LLC now owns 5,239,365 shares of the company’s stock worth $214,133,000 after acquiring an additional 1,011,940 shares during the period. Alliancebernstein L.P. grew its holdings in Waystar by 3,883.4% during the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after acquiring an additional 3,186,869 shares during the period. Geode Capital Management LLC grew its holdings in Waystar by 14.9% during the second quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock worth $97,155,000 after acquiring an additional 309,119 shares during the period. Finally, Bank of America Corp DE grew its holdings in Waystar by 10.7% during the second quarter. Bank of America Corp DE now owns 2,087,680 shares of the company’s stock worth $85,323,000 after acquiring an additional 201,262 shares during the period.

Insider Buying and Selling

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $40.49, for a total value of $674,806.34. Following the completion of the sale, the chief financial officer owned 354,512 shares in the company, valued at approximately $14,354,190.88. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $36.21, for a total value of $312,238.83. Following the completion of the sale, the chief technology officer owned 422,371 shares of the company’s stock, valued at approximately $15,294,053.91. This represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,546,249 shares of company stock valued at $177,987,193 in the last 90 days. Company insiders own 4.10% of the company’s stock.

Waystar Company Profile

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