Q2 (QTWO) Scheduled to Post Earnings on Wednesday

Q2 (NYSE:QTWO) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Q2 to post earnings of $0.29 per share for the quarter. Q2 has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. On average, analysts expect Q2 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Q2 Stock Up 3.2 %

Shares of Q2 stock opened at $53.39 on Wednesday. The business has a 50-day moving average of $49.09 and a 200-day moving average of $42.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.23 and a current ratio of 2.23. Q2 has a 1-year low of $21.21 and a 1-year high of $53.96.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Q2 from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Canaccord Genuity Group raised their target price on Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Piper Sandler raised their target price on Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Robert W. Baird lifted their price target on Q2 from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Finally, Needham & Company LLC lifted their price target on Q2 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.33.

Insider Buying and Selling at Q2

In other Q2 news, CEO Matthew P. Flake sold 45,000 shares of Q2 stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the completion of the transaction, the chief executive officer now directly owns 473,411 shares in the company, valued at $19,452,457.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Q2 news, CEO Matthew P. Flake sold 45,000 shares of Q2 stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the completion of the transaction, the chief executive officer now directly owns 473,411 shares in the company, valued at $19,452,457.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Michael A. Volanoski sold 2,369 shares of Q2 stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.10, for a total value of $118,686.90. Following the completion of the transaction, the executive now owns 174,024 shares of the company’s stock, valued at $8,718,602.40. The disclosure for this sale can be found here. Insiders sold a total of 337,639 shares of company stock worth $14,994,784 over the last ninety days. Company insiders own 3.60% of the company’s stock.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.