Q2 Holdings (QTWO) Q4 Earnings Report Preview: What To Look For
Stock Story
Published Feb 20, 2024 02:02
Updated Feb 20, 2024 06:47
Q2 Holdings (QTWO) Q4 Earnings Report Preview: What To Look For
Stock Story -
Banking software provider Q2 (NYSE:QTWO) will be reporting results tomorrow after market hours. Here's what to expect.
Last quarter Q2 Holdings (NYSE:QTWO) reported revenues of $155 million, up 7.1% year on year, missing analyst expectations by 0.4%. It was a weaker quarter for the company, with a miss of analysts' revenue estimates. In addition, its full-year revenue guidance slightly missed Wall Street's estimates.
Is Q2 Holdings buy or sell heading into the earnings? Find out by reading the original article on StockStory .
This quarter analysts are expecting Q2 Holdings's revenue to grow 10.2% year on year to $161.5 million, in line with the 11.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Q2 Holdings's peers in the vertical software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. PTC (NASDAQ:PTC) delivered top-line growth of 18.1% year on year, beating analyst estimates by 2.3% and Agilysys (NASDAQ:AGYS) reported revenues up 21.3% year on year, exceeding estimates by 0.8%. PTC traded down 0.7% on the results, and Agilysys was up 0.3%.
Read the full analysis of PTC's and Agilysys's results on StockStory.
There has been positive sentiment among investors in the vertical software segment, with the stocks up on average 2.9% over the last month. Q2 Holdings is down 5% during the same time, and is heading into the earnings with analyst price target of $43.7, compared to share price of $42.52.
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Written By: Stock Story
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