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

Q2 Holdings

01/08/2024 24:12

* Q2 Holdings Inc  QTWO.N  reported quarterly adjusted
earnings of
38 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 19
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 31 cents per share. Wall Street
expected results to range from 24 cents to 35 cents per share.
    * Revenue rose 11.8% to $172.89 million from a year ago;
analysts
expected $170.93 million. 
    * Q2 Holdings Inc's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $13.06 million.
    * Q2 Holdings Inc shares had risen by 10.1% this quarter and
gained 53.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.3%
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 10 "strong buy" or "buy," 5
"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 $62.00 
This summary was machine generated from LSEG data July 31 at
11:12 p.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
 Jun. 30 2024      0.31           0.38           Beat
 Mar. 31 2024      0.27           0.30           Beat
 Dec. 31 2023      0.25           0.20           Missed
 Sep. 30 2023      0.19           0.22           Beat