Waystar Holding (WAY) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.44
- Estimate
- $0.41
- Surprise
- +8.0%
- Revenue (period 2026-09-30)
- $325.6M
- Score at report (before → after)
- 5.7 → 5.9/10
Revenue source: xbrl.
How the report landed
Waystar Holding (WAY) beat the $0.41 estimate with adjusted EPS of $0.44 — a clear 8.0% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.7/10) to Hold at 5.9/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates WAY Hold at 5.9/10.
3 of the last 4 quarters beat the estimate; this quarter's +8.0% surprise compares with a +4.0% four-quarter average.
What supports the rating
- Sector modifier (Healthcare): +0.5
- Strong earnings beat streak (3/4)
What argues against it
- Thin upside margin: 9.0%
- Reward/Risk 1.0:1 at current price — below 1.5:1 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $28.14
- Price target
- $30.68
- Stop
- $26.17
- Upside to target
- +9.0%
- Reward-to-risk
- 1.0:1
The stock trades at 40.8× trailing but 14.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-03 — shown for context, not personalized investment advice.
WAY at TrendMatrix's latest read
Healthcare earnings trade on pipeline and payer dynamics as much as the quarter itself; a beat or miss is weighed against trial and reimbursement news.
- Industry
- Health Information Services
- Market cap
- $5.40B
- P/E (fwd)
- 14.9
- P/E (ttm)
- 40.8
- 52-week range
- $17.26–$37.71
- Off 52-week high
- 25.4%
- RSI (14)
- 62
- Volume vs avg
- 1.45×
- Score today
- 5.9/10