Zacks: Analysts Anticipate Q2 Holdings Inc (QTWO) to Announce $0.02 Earnings Per Share

Wall Street brokerages forecast that Q2 Holdings Inc (NYSE:QTWO) will announce $0.02 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Q2’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at ($0.01). Q2 reported earnings of ($0.03) per share during the same quarter last year, which suggests a positive year over year growth rate of 166.7%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, February 14th.

According to Zacks, analysts expect that Q2 will report full-year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.04) to $0.01. For the next financial year, analysts forecast that the business will post earnings of $0.17 per share, with EPS estimates ranging from $0.08 to $0.27. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Q2.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday, December 12th. Wells Fargo & Co initiated coverage on shares of Q2 in a report on Thursday. They set an “outperform” rating and a $50.00 price objective for the company. Morgan Stanley boosted their price target on shares of Q2 from $40.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Canaccord Genuity restated a “hold” rating and issued a $43.00 price target on shares of Q2 in a report on Monday, October 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $48.00 price target on shares of Q2 in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $45.75.

Shares of Q2 (NYSE QTWO) traded up $0.50 on Monday, reaching $42.30. 171,210 shares of the company were exchanged, compared to its average volume of 235,618. Q2 has a one year low of $31.30 and a one year high of $44.35. The company has a market cap of $1,741.91, a price-to-earnings ratio of -61.30 and a beta of 1.59.

In related news, insider William M. Furrer sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $37.69, for a total transaction of $301,520.00. Following the completion of the transaction, the insider now owns 43,614 shares in the company, valued at approximately $1,643,811.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey T. Diehl sold 800,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $41.50, for a total transaction of $33,200,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 920,011 shares of company stock valued at $37,897,005. Company insiders own 24.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Artisan Partners Limited Partnership raised its stake in shares of Q2 by 4.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock worth $68,657,000 after acquiring an additional 77,433 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Q2 during the 2nd quarter worth approximately $515,000. Parametric Portfolio Associates LLC grew its position in Q2 by 29.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 136,076 shares of the technology company’s stock worth $5,028,000 after purchasing an additional 30,729 shares during the last quarter. Teachers Advisors LLC grew its position in Q2 by 21.5% during the 2nd quarter. Teachers Advisors LLC now owns 56,318 shares of the technology company’s stock worth $2,081,000 after purchasing an additional 9,966 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Q2 by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 264,591 shares of the technology company’s stock worth $11,020,000 after purchasing an additional 7,676 shares during the last quarter. Hedge funds and other institutional investors own 90.75% of the company’s stock.

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Q2 Company Profile

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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