Wall Street brokerages predict that Top Image Systems, Ltd. (NASDAQ:TISA) will report earnings of ($0.03) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Top Image Systems’ earnings, with estimates ranging from ($0.03) to ($0.02). Top Image Systems posted earnings of $0.02 per share in the same quarter last year, which suggests a negative year over year growth rate of 250%. The firm is expected to report its next quarterly earnings report on Tuesday, November 21st.

According to Zacks, 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 fiscal 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’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Top Image Systems.

Top Image Systems (NASDAQ:TISA) last issued its quarterly earnings data on Wednesday, August 16th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.36 million.

TISA has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Top Image Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Top Image Systems in a research note on Monday, July 10th. Finally, ValuEngine upgraded shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Top Image Systems currently has an average rating of “Hold” and a consensus price target of $2.50.

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Shares of Top Image Systems (NASDAQ TISA) traded up 1.71% during midday trading on Friday, hitting $1.19. The company had a trading volume of 39,220 shares. The firm’s market capitalization is $21.34 million. Top Image Systems has a 1-year low of $1.09 and a 1-year high of $2.45. The stock has a 50 day moving average price of $1.23 and a 200 day moving average price of $1.27.

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

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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