-$0.01 EPS Expected for Q2 Holdings Inc (NYSE:QTWO) This Quarter

Analysts expect Q2 Holdings Inc (NYSE:QTWO) to announce earnings of ($0.01) per share for the current quarter, Zacks reports. Eight analysts have issued estimates for Q2’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at ($0.03). Q2 reported earnings per share of $0.01 in the same quarter last year, which suggests a negative year over year growth rate of 200%. The company is expected to report its next earnings results after the market closes on Tuesday, August 6th.

On average, analysts expect that Q2 will report full-year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.07 to $0.29. For the next year, analysts forecast that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.18 to $0.64. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Q2.

Q2 (NYSE:QTWO) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.21). Q2 had a negative return on equity of 16.48% and a negative net margin of 18.89%. The firm had revenue of $71.30 million for the quarter, compared to analysts’ expectations of $70.67 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year.

QTWO has been the subject of a number of research reports. Stephens cut Blackbaud from an “overweight” rating to an “equal weight” rating and set a $86.00 target price for the company. in a report on Wednesday, April 3rd. William Blair initiated coverage on Q2 in a report on Monday, April 1st. They set an “outperform” rating and a $69.71 target price for the company. Craig Hallum decreased their target price on Green Dot from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Co decreased their target price on Teva Pharmaceutical Industries from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.73.

In related news, insider Matthew P. Flake sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $69.50, for a total transaction of $8,340,000.00. Following the transaction, the insider now directly owns 298,999 shares of the company’s stock, valued at approximately $20,780,430.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Barry G. Benton sold 3,469 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $80.00, for a total value of $277,520.00. Following the completion of the transaction, the senior vice president now directly owns 40,493 shares in the company, valued at $3,239,440. The disclosure for this sale can be found here. Insiders have sold a total of 534,420 shares of company stock worth $39,584,736 over the last three months. 12.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in QTWO. California Public Employees Retirement System lifted its holdings in Q2 by 383.8% during the 4th quarter. California Public Employees Retirement System now owns 64,213 shares of the technology company’s stock valued at $3,182,000 after buying an additional 50,941 shares in the last quarter. BlackRock Inc. lifted its holdings in Q2 by 5.9% during the 4th quarter. BlackRock Inc. now owns 2,683,111 shares of the technology company’s stock valued at $132,948,000 after buying an additional 150,440 shares in the last quarter. Northern Trust Corp lifted its holdings in Q2 by 2.1% during the 4th quarter. Northern Trust Corp now owns 473,191 shares of the technology company’s stock valued at $23,446,000 after buying an additional 9,689 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Q2 by 33.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 4,203 shares of the technology company’s stock valued at $201,000 after buying an additional 1,042 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Q2 by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 379,916 shares of the technology company’s stock valued at $18,824,000 after buying an additional 30,709 shares in the last quarter. 98.71% of the stock is currently owned by institutional investors.

Shares of NYSE:QTWO traded down $0.98 during trading on Monday, reaching $79.98. 189,489 shares of the stock were exchanged, compared to its average volume of 434,922. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.08 and a current ratio of 2.08. Q2 has a 12-month low of $43.41 and a 12-month high of $81.80. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -216.16 and a beta of 1.40. The company has a 50-day moving average price of $76.00.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It 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 secure and integrated person-to-person payments solution.

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