Core Viewpoint - Waystar Holding Corp. has announced the pricing of an underwritten secondary offering of 18,000,000 shares of common stock at a public price of $39.40 per share, with the offering expected to close on or about September 12, 2025 [1][2]. Company Overview - Waystar is a provider of healthcare payments software, serving approximately 30,000 clients and over 1 million distinct providers, including 16 of the top 20 institutions on the U.S. News Best Hospitals list [5]. - The company's platform processes over 6 billion healthcare payment transactions annually, amounting to over $1.8 trillion in gross claims, covering approximately 50% of U.S. patients [5]. Offering Details - The offering is being conducted by certain investment funds of EQT AB, Bain Capital, LP, and Canada Pension Plan Investment Board, with Waystar not selling any shares or receiving proceeds from the sale [1]. - J.P. Morgan is acting as the underwriter for the offering [2]. - A registration statement on Form S-3 has been filed with the SEC and has become effective [3].

Core Viewpoint - The market anticipates Waystar Holding (WAY) to report a year-over-year increase in earnings driven by higher revenues in its upcoming earnings report for the quarter ended June 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Waystar is expected to post quarterly earnings of $0.33 per share, reflecting a significant year-over-year increase of +725% [3]. - Revenues are projected to reach $254.09 million, marking an 8.3% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for Waystar is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.54%, suggesting a bullish outlook from analysts [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [9]. - Waystar currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Waystar met the expected earnings of $0.32 per share, resulting in no surprise [12]. - Over the past four quarters, Waystar has beaten consensus EPS estimates three times, indicating a generally favorable performance trend [13]. Conclusion - While Waystar is positioned as a compelling earnings-beat candidate, other factors may also influence stock performance post-earnings release [16].