Wall Street brokerages forecast that Q2 Holdings Inc (NYSE:QTWO) will post earnings per share of ($0.03) for the current quarter, according to Zacks. Seven analysts have made estimates for Q2’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.05). Q2 also posted earnings per share of ($0.03) in the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Q2 will report full-year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.23. For the next financial year, analysts expect that the firm will report earnings of $0.38 per share, with EPS estimates ranging from $0.27 to $0.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Q2.
Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $51.70 million. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.34%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted ($0.03) earnings per share.
A number of brokerages have recently commented on QTWO. Morgan Stanley raised their target price on shares of Q2 from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday, February 16th. Zacks Investment Research downgraded shares of Q2 from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Needham & Company LLC boosted their price objective on shares of Q2 from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective on shares of Q2 in a research report on Friday, February 16th. Finally, Wells Fargo initiated coverage on shares of Q2 in a research report on Thursday, February 8th. They set an “outperform” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $46.58.
Shares of QTWO stock traded down $0.80 during mid-day trading on Friday, hitting $47.00. 406,433 shares of the stock were exchanged, compared to its average volume of 475,014. Q2 has a fifty-two week low of $31.95 and a fifty-two week high of $48.40. The stock has a market cap of $1,975.32, a P/E ratio of -74.60 and a beta of 1.43.
In other news, Director R. H. Seale sold 39,440 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $47.30, for a total value of $1,865,512.00. Following the completion of the transaction, the director now owns 380,188 shares in the company, valued at approximately $17,982,892.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Carl James Schaper sold 20,000 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $36.86, for a total transaction of $737,200.00. Following the completion of the transaction, the director now owns 42,274 shares of the company’s stock, valued at approximately $1,558,219.64. The disclosure for this sale can be found here. Insiders sold 263,963 shares of company stock valued at $11,396,042 over the last three months. Insiders own 24.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Jefferies Group LLC acquired a new position in Q2 in the fourth quarter valued at approximately $201,000. Virtu Financial LLC bought a new position in shares of Q2 in the fourth quarter worth about $205,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Q2 in the third quarter worth about $217,000. Sei Investments Co. boosted its stake in shares of Q2 by 77.0% in the third quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock worth $262,000 after acquiring an additional 2,739 shares during the period. Finally, HBK Investments L P boosted its stake in shares of Q2 by 65.0% in the fourth quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock worth $365,000 after acquiring an additional 3,900 shares during the period. Institutional investors own 90.04% of the company’s stock.
TRADEMARK VIOLATION WARNING: “-$0.03 Earnings Per Share Expected for Q2 Holdings Inc (QTWO) This Quarter” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/03/18/0-03-earnings-per-share-expected-for-q2-holdings-inc-qtwo-this-quarter.html.
Q2 Company Profile
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.
Get a free copy of the Zacks research report on Q2 (QTWO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.