$0.03 EPS Expected for Q2 Holdings Inc (NYSE:QTWO) This Quarter

Brokerages forecast that Q2 Holdings Inc (NYSE:QTWO) will announce earnings per share of $0.03 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Q2’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Q2 reported earnings per share of $0.09 in the same quarter last year, which would indicate a negative year-over-year growth rate of 66.7%. The company is scheduled to report its next earnings report after the market closes on Tuesday, November 5th.

On average, analysts expect that Q2 will report full-year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.18. For the next fiscal year, analysts forecast that the company will report earnings of $0.37 per share, with EPS estimates ranging from $0.16 to $0.54. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Q2.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. The firm had revenue of $77.60 million during the quarter, compared to analysts’ expectations of $76.10 million. Q2 had a negative return on equity of 13.40% and a negative net margin of 20.73%. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share.

A number of analysts recently issued reports on QTWO shares. JPMorgan Chase & Co. lifted their price objective on Q2 from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Zacks Investment Research raised Q2 from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Compass Point started coverage on Q2 in a research report on Tuesday, August 13th. They set a “buy” rating and a $105.00 price objective for the company. Royal Bank of Canada lifted their price objective on Q2 from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, ValuEngine cut Q2 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. Q2 has an average rating of “Buy” and a consensus target price of $82.35.

QTWO traded down $1.45 during trading on Monday, reaching $71.05. 642,900 shares of the stock traded hands, compared to its average volume of 413,981. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -192.03 and a beta of 1.27. Q2 has a fifty-two week low of $43.41 and a fifty-two week high of $93.63. The company has a debt-to-equity ratio of 1.14, a current ratio of 6.72 and a quick ratio of 6.72. The stock’s 50-day simple moving average is $79.34 and its two-hundred day simple moving average is $77.41.

In other Q2 news, CEO Matthew P. Flake sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $89.14, for a total transaction of $2,228,500.00. Following the transaction, the chief executive officer now directly owns 323,999 shares in the company, valued at $28,881,270.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Odus Edward Wittenburg, Jr. sold 21,250 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $90.10, for a total value of $1,914,625.00. Following the transaction, the executive vice president now owns 84,923 shares in the company, valued at $7,651,562.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,326 shares of company stock worth $22,221,672. Corporate insiders own 12.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Strs Ohio increased its stake in shares of Q2 by 29.7% in the third quarter. Strs Ohio now owns 4,800 shares of the technology company’s stock worth $378,000 after purchasing an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Q2 by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,515 shares of the technology company’s stock worth $198,000 after purchasing an additional 265 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Q2 by 11.1% in the third quarter. Envestnet Asset Management Inc. now owns 10,246 shares of the technology company’s stock worth $808,000 after purchasing an additional 1,021 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Q2 in the third quarter worth about $665,000. Finally, Polianta Ltd bought a new position in shares of Q2 in the third quarter worth about $1,072,000.

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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