Analysts Anticipate Q2 Holdings Inc (QTWO) to Post $0.01 EPS

Wall Street brokerages forecast that Q2 Holdings Inc (NYSE:QTWO) will post $0.01 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Q2’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.03). Q2 reported earnings per share of $0.03 during the same quarter last year, which suggests a negative year-over-year growth rate of 66.7%. The company is scheduled to issue its next earnings report after the market closes on Tuesday, November 6th.

According to Zacks, analysts expect that Q2 will report full-year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.18. For the next financial year, analysts forecast that the company will report earnings of $0.29 per share, with EPS estimates ranging from $0.10 to $0.57. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Q2.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.15. Q2 had a negative net margin of 12.07% and a negative return on equity of 14.66%. The business had revenue of $58.57 million during the quarter, compared to analysts’ expectations of $58.34 million.

A number of equities analysts have issued reports on QTWO shares. Craig Hallum set a $70.00 target price on Q2 and gave the stock a “buy” rating in a report on Thursday, August 9th. Needham & Company LLC raised their price objective on Q2 from $62.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Royal Bank of Canada restated a “buy” rating and issued a $65.00 price objective on shares of Q2 in a report on Thursday, August 9th. Zacks Investment Research cut Q2 from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Stephens assumed coverage on Q2 in a report on Thursday, September 27th. They issued an “equal weight” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $60.07.

Shares of QTWO traded down $0.16 during trading hours on Friday, reaching $53.20. The stock had a trading volume of 199,085 shares, compared to its average volume of 386,366. The company has a quick ratio of 6.00, a current ratio of 6.00 and a debt-to-equity ratio of 1.12. Q2 has a 52 week low of $36.25 and a 52 week high of $67.10. The stock has a market cap of $2.28 billion, a P/E ratio of -110.83 and a beta of 1.49.

In other Q2 news, CEO Matthew P. Flake sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $61.35, for a total transaction of $1,227,000.00. Following the sale, the chief executive officer now owns 280,008 shares of the company’s stock, valued at $17,178,490.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John E. Breeden sold 7,500 shares of the business’s stock in a transaction on Friday, October 12th. The stock was sold at an average price of $50.33, for a total transaction of $377,475.00. Following the sale, the executive vice president now directly owns 70,247 shares in the company, valued at approximately $3,535,531.51. The disclosure for this sale can be found here. Insiders sold 1,452,477 shares of company stock worth $85,704,818 over the last three months. 17.90% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of QTWO. Royal Bank of Canada lifted its holdings in shares of Q2 by 85.3% during the first quarter. Royal Bank of Canada now owns 45,644 shares of the technology company’s stock worth $2,079,000 after purchasing an additional 21,015 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of Q2 during the first quarter worth about $361,000. WINTON GROUP Ltd bought a new stake in shares of Q2 during the first quarter worth about $428,000. Allianz Asset Management GmbH bought a new stake in shares of Q2 during the first quarter worth about $1,007,000. Finally, Bank of Montreal Can increased its position in shares of Q2 by 288.5% during the second quarter. Bank of Montreal Can now owns 117,372 shares of the technology company’s stock worth $6,696,000 after acquiring an additional 87,161 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.

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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