Earnings Estimates Moving Higher for Waystar (WAY): Time to Buy?

Core Viewpoint - Waystar Holding (WAY) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - The upward trend in earnings estimate revisions reflects growing analyst optimism regarding Waystar's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, Waystar is projected to earn $0.32 per share, marking a substantial increase of +700% compared to the same period last year [6]. - The Zacks Consensus Estimate for the current quarter has risen by 12.99% over the last 30 days, with two estimates increasing and one decreasing [6]. - For the full year, the expected earnings per share is $1.32, indicating a year-over-year growth of +21.1% [7]. - Over the past month, five estimates for the current year have been revised upward, contributing to a 6.05% increase in the consensus estimate [7][8]. Zacks Rank and Performance - Waystar has achieved a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward [9]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have been shown to significantly outperform the S&P 500 [9]. Stock Performance - Waystar's stock has increased by 5.9% over the past four weeks, driven by strong estimate revisions and positive analyst sentiment [10]. - There is potential for further upside in the stock, suggesting it may be a good addition to investment portfolios [10].