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.

A number of research firms recently commented on QTWO. KeyCorp reiterated a “hold” rating on shares of Q2 in a report on Wednesday, September 13th. Morgan Stanley upped their price objective on Q2 from $40.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. BidaskClub downgraded Q2 from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Canaccord Genuity reiterated a “hold” rating and issued a $43.00 price objective on shares of Q2 in a report on Monday, October 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Q2 in a report on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Q2 presently has a consensus rating of “Buy” and an average price target of $44.90.

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.

ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/06/brokerages-expect-q2-holdings-inc-qtwo-to-post-0-02-earnings-per-share.html.

About Q2

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 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.