Q2 (NYSE:QTWO) issued its earnings results on Tuesday. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04, Bloomberg Earnings reports. The company had revenue of $51.70 million during the quarter, compared to analyst estimates of $51.70 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) EPS.
Shares of Q2 (NYSE:QTWO) traded up $0.55 during midday trading on Wednesday, hitting $43.75. The company had a trading volume of 373,764 shares, compared to its average volume of 238,673. The company has a market cap of $1,762.75, a P/E ratio of -63.41 and a beta of 1.59. Q2 has a 1-year low of $31.40 and a 1-year high of $44.70.
Several research analysts have recently commented on the company. DA Davidson assumed coverage on Q2 in a research report on Thursday, November 16th. They issued a “neutral” rating and a $38.00 target price for the company. BidaskClub upgraded Q2 from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. BTIG Research reiterated a “buy” rating and issued a $47.00 target price on shares of Q2 in a research report on Sunday, November 5th. SunTrust Banks reiterated a “buy” rating on shares of Q2 in a research report on Friday, November 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price on shares of Q2 in a research report on Friday, November 3rd. Seven investment 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 target price of $45.75.
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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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