Q2 (QTWO) Scheduled to Post Earnings on Monday

Q2 (NYSE:QTWOGet Rating) is scheduled to be releasing its earnings data after the market closes on Monday, May 2nd. Analysts expect Q2 to post earnings of ($0.19) per share for the quarter. Q2 has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Q2 (NYSE:QTWOGet Rating) last announced its earnings results on Tuesday, February 15th. The technology company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. The company had revenue of $131.89 million during the quarter, compared to the consensus estimate of $132.18 million. Q2 had a negative net margin of 22.61% and a negative return on equity of 6.22%. During the same period last year, the firm earned ($0.21) earnings per share. On average, analysts expect Q2 to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of QTWO opened at $52.87 on Monday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -26.44 and a beta of 1.42. Q2 has a twelve month low of $51.45 and a twelve month high of $108.89. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average of $60.30 and a two-hundred day moving average of $70.60.

Several equities research analysts have recently commented on the stock. Piper Sandler lowered their price objective on shares of Q2 from $81.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, February 17th. Canaccord Genuity Group dropped their price target on Q2 from $135.00 to $100.00 in a research note on Thursday, February 17th. Stifel Nicolaus cut their price objective on Q2 from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, March 21st. StockNews.com raised Q2 from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. Finally, Needham & Company LLC cut their price objective on Q2 from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Q2 presently has an average rating of “Buy” and a consensus price target of $91.50.

In other Q2 news, CFO David J. Mehok sold 1,196 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $58.73, for a total transaction of $70,241.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John E. Breeden sold 13,325 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $58.74, for a total value of $782,710.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,954 shares of company stock worth $4,840,915. 4.50% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Barclays PLC lifted its position in shares of Q2 by 78.9% in the fourth quarter. Barclays PLC now owns 100,983 shares of the technology company’s stock valued at $8,022,000 after acquiring an additional 44,528 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Q2 in the fourth quarter valued at approximately $3,199,000. Parametric Portfolio Associates LLC lifted its position in shares of Q2 by 51.0% in the fourth quarter. Parametric Portfolio Associates LLC now owns 102,784 shares of the technology company’s stock valued at $8,165,000 after acquiring an additional 34,732 shares in the last quarter. Comerica Bank lifted its position in shares of Q2 by 31.5% in the fourth quarter. Comerica Bank now owns 118,695 shares of the technology company’s stock valued at $7,140,000 after acquiring an additional 28,431 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of Q2 in the fourth quarter valued at approximately $322,000.

About Q2 (Get Rating)

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

Further Reading

Earnings History for Q2 (NYSE:QTWO)

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