Q2 Holdings, Inc. (NYSE:QTWO) Expected to Announce Earnings of $0.06 Per Share

Equities research analysts forecast that Q2 Holdings, Inc. (NYSE:QTWO) will post $0.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Q2’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.11. Q2 posted earnings per share of $0.08 in the same quarter last year, which suggests a negative year over year growth rate of 25%. The company is expected to issue its next earnings results after the market closes on Wednesday, August 4th.

According to Zacks, analysts expect that Q2 will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.14 to $0.44. For the next year, analysts expect that the firm will report earnings of $0.49 per share, with EPS estimates ranging from $0.12 to $0.73. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Q2.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, May 5th. The technology company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. The firm had revenue of $116.52 million during the quarter, compared to analyst estimates of $115.39 million. Q2 had a negative net margin of 30.26% and a negative return on equity of 5.25%.

A number of research firms have recently commented on QTWO. Gabelli upgraded Q2 from a “hold” rating to a “buy” rating in a report on Monday, April 5th. DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and reduced their price target for the company from $128.00 to $114.00 in a research report on Thursday, May 13th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Q2 from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 4th. Piper Sandler lifted their target price on shares of Q2 from $129.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, May 7th. Finally, Morgan Stanley increased their price target on Q2 from $104.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $131.83.

Q2 stock traded down $0.54 during midday trading on Thursday, reaching $104.30. The stock had a trading volume of 2,559 shares, compared to its average volume of 297,419. The firm has a 50-day moving average price of $99.78. Q2 has a twelve month low of $83.97 and a twelve month high of $148.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.02 and a quick ratio of 4.02. The stock has a market capitalization of $5.87 billion, a PE ratio of -43.27 and a beta of 1.53.

In other Q2 news, COO John E. Breeden sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 21st. The stock was sold at an average price of $105.00, for a total transaction of $525,000.00. Following the sale, the chief operating officer now owns 66,013 shares in the company, valued at $6,931,365. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kimberly Rutledge sold 14,635 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $94.31, for a total value of $1,380,226.85. Following the transaction, the senior vice president now directly owns 60,330 shares in the company, valued at approximately $5,689,722.30. The disclosure for this sale can be found here. Insiders sold 40,644 shares of company stock valued at $4,039,943 in the last three months. 4.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in QTWO. Concord Wealth Partners boosted its stake in Q2 by 936.0% in the first quarter. Concord Wealth Partners now owns 259 shares of the technology company’s stock valued at $26,000 after acquiring an additional 234 shares during the period. Captrust Financial Advisors increased its holdings in shares of Q2 by 647.9% in the 1st quarter. Captrust Financial Advisors now owns 359 shares of the technology company’s stock worth $36,000 after acquiring an additional 311 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Q2 by 55.9% in the 1st quarter. International Assets Investment Management LLC now owns 530 shares of the technology company’s stock worth $62,000 after acquiring an additional 190 shares during the period. Canada Pension Plan Investment Board bought a new position in Q2 in the 1st quarter worth about $83,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Q2 in the first quarter valued at approximately $120,000.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered integrated person-to-person payments solution.

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Earnings History and Estimates for Q2 (NYSE:QTWO)

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