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

Q2 Holdings

02/05/2024 13:39

* Q2 Holdings Inc  QTWO.N  reported quarterly adjusted
earnings of
30 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 19
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 19 cents to 31 cents per share.
    * Revenue rose 8.1% to $165.51 million from a year ago;
analysts
expected $163.62 million. 
    * Q2 Holdings Inc's reported EPS for the quarter was a loss
of 23
cents​.
    * The company reported a quarterly loss of $13.84 million.
    * Q2 Holdings Inc shares had fallen by 1.6% this quarter and
gained 19.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $60.00 
This summary was machine generated from LSEG data May 2 at 12:39
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
 Mar. 31 2024      0.27           0.30           Beat
 Dec. 31 2023      0.25           0.20           Missed
 Sep. 30 2023      0.19           0.22           Beat
 Jun. 30 2023      0.13           0.19           Beat