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

• Q2 Holdings Inc QTWO.N reported quarterly adjusted earnings of 74 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 60 cents to 86 cents per share.

• Revenue rose 11.9% to $225.77 million from a year ago; analysts expected $221.26 million.

• Q2 Holdings Inc's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $33.22 million.

• Q2 Holdings Inc shares had risen by 22.9% this quarter and lost 5.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1% 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 14 "strong buy" or "buy," 2 "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 $75.00, about 9.5% above its last closing price of $67.91

This summary was machine generated from LSEG data October 28 at 10:42 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)