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

Q2 Holdings

02/11/2023 03:21

* Q2 Holdings Inc  QTWO.N  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 17 cents to 21 cents per share.
    * Revenue rose 7% to $155.04 million from a year ago;
analysts
expected $155.44 million. 
    * Q2 Holdings Inc's reported EPS for the quarter was a loss
of 40
cents​.
    * The company reported a quarterly loss of $23.17 million.
    * Q2 Holdings Inc shares had fallen by 6.9% this quarter and
gained 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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 11 "strong buy" or "buy," 4
"hold" and 1 "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 $39.50 
This summary was machine generated from LSEG data November 2 at
03:21 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.12           0.06           Missed