Wall Street analysts expect that Top Image Systems, Ltd. (NASDAQ:TISA) will post earnings of ($0.03) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Top Image Systems’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.02). Top Image Systems reported earnings per share of $0.02 during the same quarter last year, which would indicate a negative year-over-year growth rate of 250%. The business is expected to issue its next quarterly earnings results 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 fiscal year, with EPS estimates ranging from ($0.17) to ($0.15). For the next fiscal year, analysts anticipate 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 earnings per share calculations are a mean average based on a survey of research firms that cover Top Image Systems.

Top Image Systems (NASDAQ:TISA) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.36 million. Top Image Systems had a negative return on equity of 38.85% and a negative net margin of 25.99%.

A number of research analysts have recently commented on TISA shares. Zacks Investment Research downgraded shares of Top Image Systems from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. ValuEngine raised shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. 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 note on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.50.

Shares of Top Image Systems (TISA) traded down 0.87% during midday trading on Friday, hitting $1.14. 9,664 shares of the stock were exchanged. Top Image Systems has a 12-month low of $1.09 and a 12-month high of $2.45. The firm has a 50-day moving average price of $1.22 and a 200 day moving average price of $1.27. The firm’s market cap is $20.44 million.

A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC grew its stake in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,600 shares of the software maker’s stock after acquiring an additional 1,200 shares during the quarter. Renaissance Technologies LLC owned about 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.

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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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