Analysts Expect Q2 Holdings Inc (QTWO) to Announce $0.02 EPS

Equities analysts expect that Q2 Holdings Inc (NYSE:QTWO) will post earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Seven analysts have made estimates for Q2’s earnings, with estimates ranging from ($0.01) to $0.03. Q2 posted earnings per share of ($0.03) in the same quarter last year, which would suggest a positive year-over-year growth rate of 166.7%. The firm is scheduled to issue its next earnings results on Wednesday, February 21st.

On average, analysts expect that Q2 will report full-year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.04) to $0.01. For the next year, analysts expect that the business will post earnings of $0.17 per share, with EPS estimates ranging from $0.08 to $0.27. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Q2.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.05. The business had revenue of $50.10 million for the quarter, compared to analysts’ expectations of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) earnings per share.

Several analysts have recently issued reports on QTWO shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price objective (up from $43.00) on shares of Q2 in a research note on Friday, November 3rd. DA Davidson started coverage on Q2 in a research note on Thursday, November 16th. They issued a “neutral” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded Q2 from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Canaccord Genuity cut Q2 from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, BidaskClub cut Q2 from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Q2 has an average rating of “Buy” and a consensus price target of $45.36.

Shares of Q2 (NYSE:QTWO) traded up $0.45 during midday trading on Tuesday, hitting $37.90. The stock had a trading volume of 195,925 shares, compared to its average volume of 255,311. The firm has a market capitalization of $1,580.00, a PE ratio of -54.93 and a beta of 1.52. Q2 has a twelve month low of $29.40 and a twelve month high of $44.35.

In other Q2 news, SVP Barry G. Benton sold 1,500 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $42.69, for a total value of $64,035.00. Following the sale, the senior vice president now directly owns 23,487 shares in the company, valued at $1,002,660.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William M. Furrer sold 8,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.69, for a total value of $301,520.00. Following the completion of the sale, the insider now owns 43,614 shares in the company, valued at $1,643,811.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 940,086 shares of company stock worth $38,783,190. 24.50% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. grew its holdings in shares of Q2 by 38.1% during the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after purchasing an additional 759 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Q2 by 16,455.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock worth $110,000 after purchasing an additional 2,962 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Q2 during the second quarter worth about $111,000. BNP Paribas Arbitrage SA grew its holdings in shares of Q2 by 2,468.1% during the second quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock worth $128,000 after purchasing an additional 3,332 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Q2 by 36.9% during the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock worth $131,000 after purchasing an additional 959 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors.

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About Q2

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

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