$0.01 Earnings Per Share Expected for Q2 Holdings Inc (QTWO) This Quarter

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Wall Street analysts expect that Q2 Holdings Inc (NYSE:QTWO) will report earnings of $0.01 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Q2’s earnings, with estimates ranging from ($0.03) to $0.05. Q2 posted earnings of ($0.03) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 133.3%. The business is expected to report its next quarterly earnings report on Wednesday, August 1st.

On average, analysts expect that Q2 will report full year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.20. For the next financial year, analysts forecast that the business will report earnings of $0.27 per share, with EPS estimates ranging from $0.08 to $0.57. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Q2.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, May 2nd. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. The company had revenue of $54.80 million for the quarter, compared to analyst estimates of $53.01 million. Q2 had a negative net margin of 12.32% and a negative return on equity of 16.28%. Q2’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS.

Several equities analysts have weighed in on the stock. Loop Capital boosted their target price on shares of Q2 to $61.00 and gave the company a “buy” rating in a report on Friday, May 4th. TheStreet upgraded shares of Q2 from a “d” rating to a “c” rating in a report on Thursday, May 3rd. ValuEngine upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BTIG Research lowered shares of Q2 from a “buy” rating to a “neutral” rating in a report on Thursday, May 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Q2 from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Thursday, May 3rd. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Q2 has an average rating of “Buy” and a consensus target price of $50.50.

Q2 traded up $0.50, hitting $62.95, on Tuesday, Marketbeat Ratings reports. The stock had a trading volume of 473,000 shares, compared to its average volume of 353,578. The company has a debt-to-equity ratio of 1.13, a current ratio of 5.35 and a quick ratio of 5.35. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -131.15 and a beta of 1.44. Q2 has a 1-year low of $31.95 and a 1-year high of $63.20.

In other news, insider William M. Furrer sold 21,406 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $57.35, for a total value of $1,227,634.10. Following the sale, the insider now directly owns 86,888 shares of the company’s stock, valued at approximately $4,983,026.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R. H. Seale sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $44.54, for a total transaction of $5,344,800.00. Following the completion of the sale, the director now directly owns 380,188 shares in the company, valued at $16,933,573.52. The disclosure for this sale can be found here. Insiders sold a total of 424,096 shares of company stock worth $22,236,986 over the last three months. Insiders own 17.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in QTWO. Schwab Charles Investment Management Inc. raised its stake in shares of Q2 by 7.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 156,078 shares of the technology company’s stock valued at $5,752,000 after acquiring an additional 11,410 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Q2 in the 4th quarter valued at approximately $19,967,000. Teacher Retirement System of Texas purchased a new stake in shares of Q2 in the 4th quarter valued at approximately $397,000. California Public Employees Retirement System raised its stake in shares of Q2 by 14.8% in the 4th quarter. California Public Employees Retirement System now owns 10,100 shares of the technology company’s stock valued at $372,000 after acquiring an additional 1,300 shares during the period. Finally, Swiss National Bank raised its stake in shares of Q2 by 4.4% in the 4th quarter. Swiss National Bank now owns 52,700 shares of the technology company’s stock valued at $1,942,000 after acquiring an additional 2,200 shares during the period. 93.03% of the stock is currently owned by institutional investors and hedge funds.

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 Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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