$51.69 Million in Sales Expected for Q2 Holdings Inc (QTWO) This Quarter

Wall Street analysts expect that Q2 Holdings Inc (NYSE:QTWO) will announce sales of $51.69 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided 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 business is scheduled to report its next earnings report on Wednesday, February 21st.

On average, analysts expect that Q2 will report full year sales of $51.69 million for the current fiscal year, with estimates ranging from $193.84 million to $194.08 million. For the next financial year, analysts forecast that the firm will report sales of $240.44 million per share, with estimates ranging from $238.42 million to $242.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Q2.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The company had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period last year, the firm earned ($0.24) EPS.

Several research analysts have recently issued reports on the company. DA Davidson started coverage on Q2 in a research note on Thursday, November 16th. They set a “neutral” rating and a $38.00 price target for the company. BidaskClub raised shares of Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. SunTrust Banks restated a “buy” rating on shares of Q2 in a report on Friday, November 3rd. Needham & Company LLC restated a “buy” rating and set a $48.00 target price on shares of Q2 in a research report on Friday, November 3rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $47.00 price target on shares of Q2 in a report on Sunday, November 5th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $45.36.

In other news, insider William M. Furrer sold 8,000 shares of Q2 stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $37.69, for a total value of $301,520.00. Following the completion of the sale, the insider now owns 43,614 shares of the company’s stock, valued at $1,643,811.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey T. Diehl sold 800,000 shares of Q2 stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $41.50, for a total value of $33,200,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 940,086 shares of company stock worth $38,783,190. Corporate insiders own 24.50% of the company’s stock.

A number of large investors have recently modified their holdings of QTWO. Artisan Partners Limited Partnership boosted its holdings in shares of Q2 by 4.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock valued at $68,657,000 after purchasing an additional 77,433 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Q2 by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after buying an additional 536,772 shares during the period. Vanguard Group Inc. boosted its holdings in Q2 by 10.4% in the second quarter. Vanguard Group Inc. now owns 1,360,214 shares of the technology company’s stock valued at $50,261,000 after acquiring an additional 128,054 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Q2 by 17.3% in the third quarter. Stephens Investment Management Group LLC now owns 856,395 shares of the technology company’s stock valued at $35,669,000 after acquiring an additional 126,607 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in Q2 by 27.5% during the third quarter. Macquarie Group Ltd. now owns 714,228 shares of the technology company’s stock valued at $29,748,000 after acquiring an additional 154,251 shares during the period. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Q2 (NYSE:QTWO) traded up $0.45 on Thursday, reaching $37.90. The company’s stock had a trading volume of 195,900 shares, compared to its average volume of 224,152. Q2 has a one year low of $28.90 and a one year high of $44.35.

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About Q2

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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