$51.69 Million in Sales Expected for Q2 Holdings Inc (QTWO) This Quarter

Wall Street analysts expect Q2 Holdings Inc (NYSE:QTWO) to post sales of $51.69 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Q2’s earnings, with estimates ranging from $51.56 million to $51.80 million. Q2 reported sales of $42.16 million in the same quarter last year, which would suggest a positive year over year growth rate of 22.6%. The business is scheduled to issue its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Q2 will report full year sales of $51.69 million for the current financial year, with estimates ranging from $193.84 million to $194.08 million. For the next fiscal year, analysts expect that the business will post sales of $240.44 million per share, with estimates ranging from $238.42 million to $242.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for 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 firm 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 revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) earnings per share.

A number of equities research analysts have weighed in on QTWO shares. KeyCorp restated a “hold” rating on shares of Q2 in a research report on Wednesday, September 13th. BidaskClub upgraded Q2 from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded Q2 from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Canaccord Genuity reiterated a “hold” rating and set a $43.00 price objective on shares of Q2 in a research report on Monday, October 30th. Finally, Loop Capital increased their price objective on Q2 from $42.00 to $49.00 and gave the company a “positive” rating in a research report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Q2 has a consensus rating of “Buy” and an average target price of $45.36.

In other news, SVP Barry G. Benton sold 1,500 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $42.69, for a total value of $64,035.00. Following the completion of the sale, the senior vice president now owns 23,487 shares in the company, valued at $1,002,660.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William M. Furrer sold 8,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.69, for a total value of $301,520.00. Following the completion of the sale, the insider now owns 43,614 shares of the company’s stock, valued at approximately $1,643,811.66. The disclosure for this sale can be found here. Insiders have sold a total of 940,086 shares of company stock valued at $38,783,190 in the last quarter. Insiders own 24.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. Ameritas Investment Partners Inc. lifted its holdings in shares of Q2 by 38.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after purchasing an additional 759 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Q2 by 16,455.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after purchasing an additional 2,962 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Q2 in the second quarter valued at $111,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Q2 by 2,468.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,467 shares of the technology company’s stock valued at $128,000 after purchasing an additional 3,332 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Q2 by 36.9% in the second quarter. Sei Investments Co. now owns 3,557 shares of the technology company’s stock valued at $131,000 after purchasing an additional 959 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

Shares of Q2 (QTWO) opened at $37.20 on Thursday. The firm has a market capitalization of $1,610.00, a P/E ratio of -53.91 and a beta of 1.52. Q2 has a 52-week low of $28.90 and a 52-week high of $44.35.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/11/51-69-million-in-sales-expected-for-q2-holdings-inc-qtwo-this-quarter-2.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 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.

Leave a Reply