$52.99 Million in Sales Expected for Q2 Holdings (QTWO) This Quarter

Equities analysts expect that Q2 Holdings (NYSE:QTWO) will post sales of $52.99 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Q2’s earnings, with the highest sales estimate coming in at $53.22 million and the lowest estimate coming in at $52.77 million. Q2 posted sales of $44.53 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that Q2 will report full year sales of $235.09 million for the current year, with estimates ranging from $234.00 million to $235.79 million. For the next year, analysts anticipate that the business will post sales of $292.64 million per share, with estimates ranging from $287.00 million to $309.97 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Q2.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. Q2 had a negative return on equity of 19.34% and a negative net margin of 13.49%. The firm had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $51.70 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year.



Several research analysts recently commented on QTWO shares. Zacks Investment Research cut Q2 from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Needham & Company LLC increased their price target on Q2 from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Morgan Stanley increased their price target on Q2 from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday, February 16th. ValuEngine raised Q2 from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 price target on shares of Q2 in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $46.58.

NYSE QTWO traded down $0.10 during trading hours on Friday, hitting $47.05. 350,946 shares of the company traded hands, compared to its average volume of 347,046. Q2 has a twelve month low of $31.95 and a twelve month high of $48.75. The stock has a market capitalization of $1,985.84, a PE ratio of -98.02 and a beta of 1.41.

In other news, Director R. H. Seale sold 120,000 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $44.54, for a total transaction of $5,344,800.00. Following the transaction, the director now owns 380,188 shares in the company, valued at $16,933,573.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John E. Breeden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $39.04, for a total value of $390,400.00. Following the transaction, the executive vice president now owns 50,408 shares in the company, valued at approximately $1,967,928.32. The disclosure for this sale can be found here. Insiders sold 355,963 shares of company stock worth $15,862,722 in the last 90 days. Corporate insiders own 24.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jefferies Group LLC bought a new position in shares of Q2 during the fourth quarter worth approximately $201,000. Virtu Financial LLC bought a new position in shares of Q2 during the fourth quarter worth approximately $205,000. Sei Investments Co. increased its stake in shares of Q2 by 77.0% during the third quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock worth $262,000 after purchasing an additional 2,739 shares during the period. California Public Employees Retirement System bought a new position in shares of Q2 during the third quarter worth approximately $367,000. Finally, HBK Investments L P increased its stake in shares of Q2 by 65.0% during the fourth quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock worth $365,000 after purchasing an additional 3,900 shares during the period. Institutional investors own 90.04% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://dakotafinancialnews.com/2018/04/14/52-99-million-in-sales-expected-for-q2-holdings-qtwo-this-quarter.html.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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