Brokerages Expect Q2 Holdings, Inc. (QTWO) to Post $0.02 Earnings Per Share
Equities analysts expect that Q2 Holdings, Inc. (NYSE:QTWO) will announce $0.02 earnings per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Q2’s earnings, with estimates ranging from ($0.01) to $0.03. Q2 posted earnings of ($0.03) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 166.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Q2 will report full-year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.04) to $0.01. For the next year, analysts expect that the company will report earnings of $0.17 per share, with EPS estimates ranging from $0.08 to $0.27. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Q2.
Q2 (NYSE:QTWO) last released its earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The company had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.24) earnings per share.
In other Q2 news, Director Jeffrey T. Diehl sold 800,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $41.50, for a total value of $33,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John E. Breeden sold 10,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $43.14, for a total value of $431,400.00. Following the completion of the transaction, the executive vice president now directly owns 64,694 shares of the company’s stock, valued at $2,790,899.16. The disclosure for this sale can be found here. Insiders sold 1,001,575 shares of company stock valued at $41,541,893 in the last quarter. 24.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of QTWO. Vanguard Group Inc. grew its stake in Q2 by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,232,160 shares of the technology company’s stock valued at $42,941,000 after acquiring an additional 87,771 shares during the period. Renaissance Technologies LLC acquired a new position in Q2 in the first quarter valued at about $2,649,000. Schwab Charles Investment Management Inc. grew its stake in Q2 by 6.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 108,620 shares of the technology company’s stock valued at $3,786,000 after acquiring an additional 6,474 shares during the period. State Street Corp grew its stake in Q2 by 3.1% in the first quarter. State Street Corp now owns 463,966 shares of the technology company’s stock valued at $16,171,000 after acquiring an additional 13,747 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Q2 by 169.0% in the second quarter. Russell Investments Group Ltd. now owns 247,389 shares of the technology company’s stock valued at $9,141,000 after acquiring an additional 155,427 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.
Q2 (NYSE QTWO) traded up $0.20 during midday trading on Wednesday, reaching $40.90. The company had a trading volume of 84,763 shares, compared to its average volume of 220,823. Q2 has a fifty-two week low of $28.30 and a fifty-two week high of $44.35.
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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.
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