Brokerages Expect Q2 Holdings Inc (QTWO) Will Announce Earnings of -$0.04 Per Share

Equities analysts predict that Q2 Holdings Inc (NYSE:QTWO) will announce earnings per share of ($0.04) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Q2’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.06). Q2 posted earnings per share of $0.04 in the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The business is expected to announce its next earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Q2 will report full year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.29. For the next financial year, analysts anticipate that the company will post earnings of $0.49 per share, with EPS estimates ranging from $0.18 to $0.69. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Q2.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.10. The business had revenue of $67.20 million for the quarter, compared to analyst estimates of $66.77 million. Q2 had a negative return on equity of 12.18% and a negative net margin of 14.68%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share.

A number of research analysts have recently issued reports on QTWO shares. Stephens raised Q2 from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $60.00 to $59.00 in a report on Thursday, January 3rd. DA Davidson lowered Q2 from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $48.00 to $52.00 in a report on Friday, February 15th. Royal Bank of Canada upped their price objective on Q2 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 15th. SunTrust Banks raised Q2 from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $84.00 in a report on Friday, March 1st. Finally, Raymond James upped their price objective on Q2 from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.33.

In related news, Director Jeffrey T. Diehl sold 65,713 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $71.36, for a total transaction of $4,689,279.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Adam D. Blue sold 6,333 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $68.83, for a total value of $435,900.39. Following the transaction, the chief technology officer now owns 75,741 shares in the company, valued at $5,213,253.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 526,708 shares of company stock worth $35,034,644. 17.90% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its holdings in Q2 by 33.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 4,203 shares of the technology company’s stock valued at $201,000 after purchasing an additional 1,042 shares during the last quarter. Diversified Trust Co bought a new position in Q2 during the 4th quarter worth approximately $237,000. Virtu Financial LLC bought a new position in Q2 during the 3rd quarter worth approximately $253,000. Amalgamated Bank bought a new position in Q2 during the 4th quarter worth approximately $266,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Q2 by 33.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,565 shares of the technology company’s stock worth $277,000 after buying an additional 1,398 shares during the last quarter. Institutional investors and hedge funds own 99.06% of the company’s stock.

Shares of NYSE:QTWO traded up $0.06 during trading on Friday, reaching $69.26. The company had a trading volume of 301,860 shares, compared to its average volume of 352,432. The firm has a market cap of $3.03 billion, a P/E ratio of -187.19 and a beta of 1.54. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.15. Q2 has a fifty-two week low of $43.41 and a fifty-two week high of $72.00.

About Q2

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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