Q2 (QTWO) Set to Announce Quarterly Earnings on Wednesday

Q2 (NYSE:QTWO) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Q2 to post earnings of $0.29 per share for the quarter. Q2 has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. On average, analysts expect Q2 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Q2 Price Performance

Shares of NYSE QTWO opened at $52.49 on Tuesday. Q2 has a 1-year low of $21.21 and a 1-year high of $54.50. The business has a fifty day moving average price of $49.88 and a 200 day moving average price of $42.63. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.23 and a current ratio of 2.23.

Insider Buying and Selling

In other news, Director R. H. Seale sold 9,000 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $50.10, for a total value of $450,900.00. Following the sale, the director now owns 363,754 shares in the company, valued at $18,224,075.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director R. H. Seale sold 9,000 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $50.10, for a total value of $450,900.00. Following the completion of the transaction, the director now owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David J. Mehok sold 2,453 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total value of $122,895.30. Following the completion of the sale, the chief financial officer now owns 151,846 shares in the company, valued at approximately $7,607,484.60. The disclosure for this sale can be found here. Insiders sold 337,639 shares of company stock valued at $14,994,784 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on QTWO shares. Truist Financial reissued a “buy” rating and set a $60.00 price target (up from $50.00) on shares of Q2 in a research report on Friday, April 19th. Canaccord Genuity Group lifted their price target on shares of Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Piper Sandler increased their price objective on Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. DA Davidson boosted their target price on Q2 from $48.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, The Goldman Sachs Group increased their price target on Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.20.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.