Q2 Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Q2 Holdings

07/11/2024 05:11

* Q2 Holdings Inc  QTWO.N  reported quarterly adjusted
earnings of
44 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 22 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 26 cents to 40 cents per share.
    * Revenue rose 12.9% to $175.02 million from a year ago;
analysts
expected $173.36 million. 
    * Q2 Holdings Inc's reported EPS for the quarter was a loss
of 20
cents​.
    * The company reported a quarterly loss of $11.8 million.
    * Q2 Holdings Inc shares had risen by 8.1% this quarter and
gained 98.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
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 9 "strong buy" or "buy," 6
"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 89.00 
This summary was machine generated from LSEG data November 7 at
05:11 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
 Sep. 30 2024      0.35           0.44           Beat
 Jun. 30 2024      0.31           0.38           Beat
 Mar. 31 2024      0.27           0.30           Beat
 Dec. 31 2023      0.25           0.20           Missed