KeyCorp Forecasts Waystar’s Q2 Earnings (NASDAQ:WAY)

Waystar Holding Corp. (NASDAQ:WAY) – Analysts at KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for shares of Waystar in a research report issued on Wednesday, July 1st. KeyCorp analyst S. Schoenhaus forecasts that the company will post earnings of $0.35 per share for the quarter. KeyCorp has a “Overweight” rating and a $30.00 price objective on the stock. The consensus estimate for Waystar’s current full-year earnings is $1.46 per share. KeyCorp also issued estimates for Waystar’s Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.38 EPS, FY2026 earnings at $1.48 EPS, Q1 2027 earnings at $0.41 EPS, Q2 2027 earnings at $0.41 EPS, Q3 2027 earnings at $0.42 EPS, Q4 2027 earnings at $0.43 EPS and FY2027 earnings at $1.66 EPS.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The firm had revenue of $313.87 million during the quarter, compared to analysts’ expectations of $311.74 million. During the same period last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS.

WAY has been the topic of several other research reports. Raymond James Financial restated a “strong-buy” rating and set a $32.00 price target on shares of Waystar in a research report on Thursday, April 30th. Barclays cut their price objective on Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. UBS Group lowered their price target on Waystar from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target on shares of Waystar in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.36.

Waystar Trading Up 2.5%

Shares of Waystar stock opened at $24.51 on Tuesday. Waystar has a 1 year low of $17.26 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $4.70 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.08. The firm has a fifty day moving average price of $20.20 and a 200 day moving average price of $24.58.

Institutional Trading of Waystar

A number of hedge funds and other institutional investors have recently modified their holdings of WAY. Root Financial Partners LLC lifted its position in Waystar by 6,475.0% in the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after buying an additional 1,036 shares during the last quarter. Essential Partners LLC increased its holdings in Waystar by 1,432.7% in the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after purchasing an additional 1,447 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Waystar by 6,005.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after buying an additional 1,141 shares during the period. Danske Bank A S purchased a new position in Waystar during the 4th quarter valued at about $52,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares in the last quarter.

More Waystar News

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: KeyCorp’s updated estimates suggest steady earnings growth for Waystar, including FY2026 EPS of $1.48 versus the current consensus of $1.46, and FY2027 EPS of $1.66, supporting the view that results can continue to improve. Article Title
• Positive Sentiment: KeyCorp also raised its quarterly forecasts across 2026-2027, including estimates of $0.35, $0.38, $0.38, $0.41, $0.41, $0.42, and $0.43 per share, reinforcing a narrative of durable profitability. Article Title
• Neutral Sentiment: The news is mainly a research update rather than a fundamental company event, so the market impact depends on whether investors view KeyCorp’s targets and estimates as credible confirmation of Waystar’s growth outlook.

About Waystar

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.