Q2 Holdings Inc reports results for the quarter ended in December - Earnings Summary

Q2 Holdings

23/02/2024 03:04

* Q2 Holdings Inc  QTWO.N  reported quarterly adjusted
earnings of
20 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 19 cents to 28 cents per share.
    * Revenue rose 10.5% to $162.12 million from a year ago;
analysts
expected $161.48 million. 
    * Q2 Holdings Inc's reported EPS for the quarter was a loss
of 31
cents​.
    * The company reported a quarterly loss of $18.08 million.
    * Q2 Holdings Inc shares had fallen by 3.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Q2 Holdings Inc
is $50.00 
This summary was machine generated from LSEG data February 23 at
03:04 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.25           0.20           Missed
 Sep. 30 2023      0.19           0.22           Beat
 Jun. 30 2023      0.13           0.19           Beat
 Mar. 31 2023      0.07           0.19           Beat