Analysts Anticipate Top Image Systems, Ltd. (TISA) Will Post Earnings of -$0.03 Per Share

Wall Street analysts expect Top Image Systems, Ltd. (NASDAQ:TISA) to announce earnings per share (EPS) of ($0.03) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Top Image Systems’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.03). Top Image Systems reported earnings per share of $0.02 during the same quarter last year, which indicates a negative year-over-year growth rate of 250%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, November 15th.

On average, analysts expect that Top Image Systems will report full-year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.17) to ($0.15). For the next fiscal year, analysts anticipate that the company will post earnings of $0.05 per share, with EPS estimates ranging from $0.01 to $0.08. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Top Image Systems.

Top Image Systems (NASDAQ:TISA) last announced its quarterly earnings results on Wednesday, August 16th. The software maker reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.02). The company had revenue of $7.41 million during the quarter, compared to analyst estimates of $7.36 million. Top Image Systems had a negative net margin of 25.99% and a negative return on equity of 38.85%.

A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Top Image Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, HC Wainwright set a $3.00 price objective on shares of Top Image Systems and gave the company a “buy” rating in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Top Image Systems currently has a consensus rating of “Hold” and a consensus price target of $2.50.

Top Image Systems (NASDAQ:TISA) traded up $0.06 during trading hours on Monday, hitting $1.17. 73,600 shares of the company traded hands, compared to its average volume of 55,749. Top Image Systems has a 1-year low of $1.07 and a 1-year high of $1.81.

A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC boosted its holdings in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,600 shares of the software maker’s stock after purchasing an additional 1,200 shares during the period. Renaissance Technologies LLC owned approximately 0.92% of Top Image Systems worth $219,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.26% of the company’s stock.

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About Top Image Systems

Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.

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