Q2 Holdings, Inc. (NYSE:QTWO) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.06 per share.
For the full year, analysts predict revenues of $ 401.67 million, while looking forward to income of $ 0.12 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 102.00 million ~ $ 104.00 million
Full Year 2020 topline are forecasted in a range of$ 398.50 million ~ $ 402.50 million
Click Here For More Historical Outlooks Of Q2 Holdings, Inc.
Previous Quarter Performance
Q2 Holdings, Inc. reported income for the second quarter of $ 0.07 per share, from the revenue of $ 97.58 million. Street analysts expected Q2 Holdings, Inc. to report loss of $ 0.02 per share on revenue of $ 95.28 million for the second quarter. The bottom line results beat street analysts by $ 0.09 or 450.00 percent, at the same time, top line results outshined analysts by $ 2.30 million or 2.41 percent.
Stock Performance
Shares of Q2 Holdings, Inc. traded up $ 3.94 or 4.39 percent on Tuesday, reaching $ 93.59 with volume of 364.50 thousand shares. Q2 Holdings, Inc. has traded high as $ 93.89 and has cracked $ 90.36 on the downward trend
According to the previous trading day, closing price of $ 93.59, representing a 90.06 % increase from the 52 week low of $ 47.17 and a 15.77 % decrease over the 52 week high of $ 106.44.
The company has a market capital of $ 5.01 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 17th September 2020, initiated by Compass Point at Buy rating, with $ 120.00 target price.
Q2 Holdings, Inc. provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
