Q2 (QTWO) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Q2 (NYSE:QTWO) posted its quarterly earnings results on Tuesday. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04, Bloomberg Earnings reports. The firm had revenue of $51.70 million for 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%. Q2’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) earnings per share.
Shares of Q2 (NYSE QTWO) opened at $43.75 on Thursday. Q2 has a 52 week low of $31.40 and a 52 week high of $44.70.
A number of research analysts have commented on QTWO shares. DA Davidson started coverage on Q2 in a research note on Thursday, November 16th. They issued a “neutral” rating and a $38.00 target price on the stock. BidaskClub upgraded Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. BTIG Research restated a “buy” rating and issued a $47.00 target price on shares of Q2 in a research note on Sunday, November 5th. SunTrust Banks restated a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Q2 in a research note on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average 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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