$0.05 EPS Expected for Q2 Holdings, Inc. (NYSE:QTWO) This Quarter

Equities research analysts forecast that Q2 Holdings, Inc. (NYSE:QTWOGet Rating) will report earnings per share (EPS) of $0.05 for the current quarter, according to Zacks. Eight analysts have provided estimates for Q2’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.12. Q2 posted earnings of $0.09 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 44.4%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Q2 will report full year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.15 to $0.62. For the next year, analysts expect that the business will report earnings of $0.63 per share, with EPS estimates ranging from $0.40 to $0.99. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Q2.

Q2 (NYSE:QTWOGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Q2 had a negative net margin of 21.43% and a negative return on equity of 7.59%. During the same quarter in the previous year, the business earned ($0.14) EPS.

Several research analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Q2 from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, March 21st. Needham & Company LLC cut their price target on shares of Q2 from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. DA Davidson decreased their price objective on shares of Q2 from $94.00 to $74.00 in a research report on Tuesday, April 26th. Canaccord Genuity Group dropped their target price on shares of Q2 from $135.00 to $100.00 in a report on Thursday, February 17th. Finally, Royal Bank of Canada reduced their price target on Q2 from $90.00 to $76.00 in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Q2 currently has a consensus rating of “Buy” and a consensus target price of $85.25.

In other news, CFO David J. Mehok sold 1,196 shares of the firm’s stock in a transaction 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew P. Flake sold 53,502 shares of Q2 stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $59.24, for a total value of $3,169,458.48. The disclosure for this sale can be found here. Insiders have sold 81,954 shares of company stock valued at $4,840,915 in the last ninety days. Insiders own 4.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its stake in Q2 by 4.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,849 shares of the technology company’s stock valued at $307,000 after acquiring an additional 176 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Q2 by 1.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 20,322 shares of the technology company’s stock valued at $1,629,000 after acquiring an additional 210 shares during the period. Arizona State Retirement System increased its stake in shares of Q2 by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 14,570 shares of the technology company’s stock worth $1,168,000 after purchasing an additional 212 shares in the last quarter. Fifth Third Bancorp raised its holdings in Q2 by 39.3% in the 1st quarter. Fifth Third Bancorp now owns 815 shares of the technology company’s stock worth $50,000 after purchasing an additional 230 shares during the period. Finally, First Bank & Trust raised its holdings in Q2 by 10.7% in the 1st quarter. First Bank & Trust now owns 2,902 shares of the technology company’s stock worth $179,000 after purchasing an additional 280 shares during the period.

Shares of Q2 stock opened at $42.10 on Tuesday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.47. Q2 has a one year low of $38.90 and a one year high of $108.89. The business’s 50 day simple moving average is $55.41 and its two-hundred day simple moving average is $67.01.

Q2 Company Profile (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.

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Earnings History and Estimates for Q2 (NYSE:QTWO)

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