Brokerages Anticipate Q2 Holdings Inc (NYSE:QTWO) Will Announce Earnings of $0.10 Per Share

Equities analysts forecast that Q2 Holdings Inc (NYSE:QTWO) will announce $0.10 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Q2’s earnings, with estimates ranging from $0.04 to $0.13. Q2 posted earnings of $0.08 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The business is scheduled to announce its next earnings results on Wednesday, February 12th.

On average, analysts expect that Q2 will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.05 to $0.15. For the next fiscal year, analysts anticipate that the company will report earnings of $0.09 per share, with EPS estimates ranging from ($0.30) to $0.54. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Q2.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, November 6th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.22. The firm had revenue of $79.70 million for the quarter, compared to the consensus estimate of $79.26 million. Q2 had a negative return on equity of 12.11% and a negative net margin of 22.67%. The firm’s revenue was up 31.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS.

QTWO has been the topic of a number of research reports. Canaccord Genuity raised Q2 from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $97.00 in a report on Thursday, September 12th. SunTrust Banks lifted their target price on Q2 from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on Q2 from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. BTIG Research upgraded Q2 from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Monday, November 11th. Finally, Roth Capital upgraded shares of Q2 from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $85.46.

QTWO traded down $0.56 on Friday, reaching $82.19. 275,669 shares of the stock were exchanged, compared to its average volume of 424,533. The company has a debt-to-equity ratio of 1.18, a current ratio of 5.93 and a quick ratio of 5.93. The company’s 50-day moving average price is $75.70 and its 200 day moving average price is $78.49. The firm has a market capitalization of $4.07 billion, a PE ratio of -222.14 and a beta of 1.24. Q2 has a fifty-two week low of $43.41 and a fifty-two week high of $93.63.

In other Q2 news, SVP Barry G. Benton sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the transaction, the senior vice president now owns 47,024 shares of the company’s stock, valued at $3,615,675.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew P. Flake sold 25,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $71.02, for a total value of $1,775,500.00. Following the transaction, the chief executive officer now directly owns 323,999 shares in the company, valued at approximately $23,010,408.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 254,556 shares of company stock valued at $19,805,325. 12.80% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new position in Q2 in the second quarter valued at about $2,420,000. Strs Ohio grew its stake in shares of Q2 by 76.2% in the second quarter. Strs Ohio now owns 3,700 shares of the technology company’s stock worth $282,000 after acquiring an additional 1,600 shares in the last quarter. Coronation Fund Managers Ltd. grew its stake in shares of Q2 by 54.6% in the second quarter. Coronation Fund Managers Ltd. now owns 48,561 shares of the technology company’s stock worth $3,708,000 after acquiring an additional 17,150 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Q2 by 45.9% during the second quarter. SG Americas Securities LLC now owns 16,606 shares of the technology company’s stock worth $1,268,000 after acquiring an additional 5,223 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Q2 by 480.8% during the second quarter. First Trust Advisors LP now owns 306,783 shares of the technology company’s stock worth $23,426,000 after acquiring an additional 253,966 shares during the period.

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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