Brokerages expect Q2 Holdings Inc (NYSE:QTWO) to announce ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Q2’s earnings. The lowest EPS estimate is ($0.07) and the highest is $0.02. Q2 reported earnings per share of $0.05 in the same quarter last year, which would suggest a negative year-over-year growth rate of 120%. The company is expected to issue its next earnings report on Wednesday, February 13th.

On average, analysts expect that Q2 will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.09 to $0.16. For the next fiscal year, analysts anticipate that the business will report earnings of $0.16 per share, with EPS estimates ranging from ($0.08) to $0.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Q2.

Q2 (NYSE:QTWO) last posted its earnings results on Tuesday, November 6th. The technology company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.08. The business had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $60.18 million. Q2 had a negative net margin of 12.88% and a negative return on equity of 12.61%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share.

A number of brokerages have recently issued reports on QTWO. JPMorgan Chase & Co. reduced their target price on shares of Q2 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 7th. Stephens upgraded shares of Q2 from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $60.00 to $59.00 in a report on Thursday, January 3rd. Morgan Stanley set a $60.00 price objective on shares of Q2 and gave the company a “hold” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of Q2 from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. Finally, Loop Capital set a $67.00 price objective on shares of Q2 and gave the company a “buy” rating in a report on Monday, December 31st. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $61.13.

In other Q2 news, SVP Barry G. Benton sold 1,019 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $48.64, for a total value of $49,564.16. Following the transaction, the senior vice president now directly owns 36,030 shares of the company’s stock, valued at approximately $1,752,499.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew P. Flake sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $52.68, for a total transaction of $1,053,600.00. Following the completion of the transaction, the chief executive officer now directly owns 280,008 shares in the company, valued at $14,750,821.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,808 shares of company stock worth $7,880,959. 17.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in QTWO. Allianz Asset Management GmbH lifted its position in shares of Q2 by 6.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 20,319 shares of the technology company’s stock valued at $1,230,000 after buying an additional 1,275 shares in the last quarter. Legal & General Group Plc increased its holdings in Q2 by 11.7% in the 3rd quarter. Legal & General Group Plc now owns 13,129 shares of the technology company’s stock valued at $795,000 after purchasing an additional 1,370 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Q2 by 13.7% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 11,840 shares of the technology company’s stock valued at $675,000 after purchasing an additional 1,431 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Q2 by 29.3% in the 3rd quarter. WINTON GROUP Ltd now owns 7,704 shares of the technology company’s stock valued at $466,000 after purchasing an additional 1,748 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its holdings in Q2 by 13.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 16,765 shares of the technology company’s stock valued at $956,000 after purchasing an additional 1,935 shares in the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

NYSE QTWO opened at $52.51 on Friday. The stock has a market capitalization of $2.33 billion, a P/E ratio of -109.40 and a beta of 1.42. Q2 has a twelve month low of $37.40 and a twelve month high of $67.10. The company has a current ratio of 5.62, a quick ratio of 5.62 and a debt-to-equity ratio of 1.13.

Q2 Company Profile

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.

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