Equities research analysts forecast that Top Image Systems Ltd. (NASDAQ:TISA) will announce sales of $8.25 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Top Image Systems’ earnings, with the highest sales estimate coming in at $8.60 million and the lowest estimate coming in at $7.89 million. Top Image Systems reported sales of $7.01 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that Top Image Systems will report full-year sales of $8.25 million for the current fiscal year, with estimates ranging from $29.68 million to $30.40 million. For the next financial year, analysts anticipate that the firm will post sales of $35.10 million per share, with estimates ranging from $34.49 million to $35.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Top Image Systems.

Top Image Systems (NASDAQ:TISA) last announced its quarterly earnings data on Wednesday, November 15th. The software maker reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Top Image Systems had a negative net margin of 30.77% and a negative return on equity of 50.20%.

TISA has been the topic of several recent research reports. Zacks Investment Research upgraded Top Image Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. HC Wainwright set a $3.00 price target on Top Image Systems and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, ValuEngine lowered Top Image Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $2.50.

Top Image Systems (NASDAQ:TISA) traded up $0.01 on Wednesday, reaching $1.15. The company had a trading volume of 32,100 shares, compared to its average volume of 102,427. Top Image Systems has a fifty-two week low of $0.96 and a fifty-two week high of $1.75. The company has a market cap of $20.62, a price-to-earnings ratio of -2.25 and a beta of 1.17.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/zacks-brokerages-expect-top-image-systems-ltd-tisa-will-announce-quarterly-sales-of-8-25-million/1821633.html.

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.

Get a free copy of the Zacks research report on Top Image Systems (TISA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Top Image Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Image Systems and related companies with MarketBeat.com's FREE daily email newsletter.