Zacks: Analysts Expect Q2 Holdings Inc (QTWO) Will Announce Quarterly Sales of $51.69 Million

Equities research analysts expect Q2 Holdings Inc (NYSE:QTWO) to report sales of $51.69 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Q2’s earnings. The lowest sales estimate is $51.56 million and the highest is $51.80 million. Q2 reported sales of $42.16 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Q2 will report full-year sales of $51.69 million for the current year, with estimates ranging from $193.84 million to $194.08 million. For the next year, analysts expect that the business will report sales of $240.44 million per share, with estimates ranging from $238.42 million to $242.60 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Q2.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.05. The company had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. Q2’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS.

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered shares of Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday, December 12th. DA Davidson assumed coverage on shares of Q2 in a research note on Thursday, November 16th. They issued a “neutral” rating and a $38.00 price target on the stock. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. BTIG Research reiterated a “buy” rating and issued a $47.00 price target on shares of Q2 in a research note on Sunday, November 5th. Finally, SunTrust Banks reiterated a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $45.36.

In other news, insider William M. Furrer sold 8,000 shares of the company’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 sale, the insider now owns 43,614 shares of the company’s stock, valued at approximately $1,643,811.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carl James Schaper sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $36.86, for a total transaction of $737,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 940,086 shares of company stock worth $38,783,190. Company insiders own 24.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. California Public Employees Retirement System bought a new stake in shares of Q2 during the 3rd quarter worth approximately $367,000. Artisan Partners Limited Partnership lifted its holdings 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 during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Q2 by 18.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 144,668 shares of the technology company’s stock worth $6,026,000 after acquiring an additional 22,214 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Q2 during the 3rd quarter worth approximately $1,125,000. Finally, Axiom International Investors LLC DE lifted its holdings in shares of Q2 by 12.9% during the 3rd quarter. Axiom International Investors LLC DE now owns 182,129 shares of the technology company’s stock worth $7,586,000 after acquiring an additional 20,875 shares during the period. 91.41% of the stock is owned by institutional investors.

Q2 (NYSE:QTWO) opened at $37.20 on Thursday. Q2 has a 52 week low of $28.90 and a 52 week high of $44.35. The firm has a market cap of $1,610.00, a PE ratio of -53.91 and a beta of 1.52.

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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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