Q2 (QTWO) Scheduled to Post Earnings on Wednesday

Q2 (NYSE:QTWO - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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 participating in the company's conference call can do so using this link.

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

Q2 Stock Up 0.7 %

Shares of QTWO traded up $0.39 during mid-day trading on Wednesday, reaching $53.78. The company's stock had a trading volume of 612,697 shares, compared to its average volume of 616,014. The company's 50 day moving average is $49.09 and its 200 day moving average is $42.06. The stock has a market cap of $3.18 billion, a PE ratio of -47.12 and a beta of 1.49. Q2 has a 12-month low of $21.21 and a 12-month high of $54.50. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 2.23.

Analysts Set New Price Targets

QTWO has been the subject of several research analyst reports. Truist Financial restated a "buy" rating and issued a $60.00 target price (up previously from $50.00) on shares of Q2 in a report on Friday, April 19th. DA Davidson boosted their target price on Q2 from $48.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Canaccord Genuity Group raised their price target on Q2 from $40.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd. The Goldman Sachs Group increased their price objective on Q2 from $39.00 to $51.00 and gave the company a "buy" rating in a report on Tuesday, January 23rd. Finally, Robert W. Baird increased their price target on shares of Q2 from $50.00 to $60.00 and gave the stock an "outperform" rating in a research note on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Q2 presently has an average rating of "Moderate Buy" and a consensus target price of $48.20.

Insiders Place Their Bets

In other news, Director R. H. Seale sold 9,000 shares of Q2 stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the sale, the director now directly owns 363,754 shares in the company, valued at $18,224,075.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Q2 news, Director R. H. Seale sold 9,000 shares of the firm'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 sale, the director now directly owns 363,754 shares of the company's stock, valued at approximately $18,224,075.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 2,369 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total transaction of $118,686.90. Following the transaction, the executive now directly owns 174,024 shares in the company, valued at approximately $8,718,602.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 337,639 shares of company stock worth $14,994,784. 3.60% of the stock is owned by corporate insiders.

About Q2

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.