Brokerages Anticipate Top Image Systems, Ltd. (TISA) to Announce -$0.01 Earnings Per Share

Wall Street brokerages expect Top Image Systems, Ltd. (NASDAQ:TISA) to announce earnings per share of ($0.01) for the current quarter, according to Zacks. Two analysts have made estimates for Top Image Systems’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.02). Top Image Systems reported earnings per share of ($0.10) during the same quarter last year, which would suggest a positive year over year growth rate of 90%. The business is expected to issue its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that Top Image Systems will report full-year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.17) to ($0.15). For the next year, analysts expect that the business will report earnings of $0.05 per share, with EPS estimates ranging from $0.01 to $0.08. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Top Image Systems.

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

A number of equities analysts recently commented on the company. ValuEngine upgraded Top Image Systems from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Top Image Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, HC Wainwright set a $3.00 price target on Top Image Systems and gave the stock a “buy” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.50.

Top Image Systems (NASDAQ:TISA) traded down $0.04 during trading on Monday, reaching $1.09. The company had a trading volume of 53,100 shares, compared to its average volume of 58,912. Top Image Systems has a fifty-two week low of $1.05 and a fifty-two week high of $1.75.

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A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC raised its position in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,600 shares of the software maker’s stock after acquiring 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. Institutional investors and hedge funds own 5.26% of the company’s stock.

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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