Zacks: Brokerages Expect Top Image Systems Ltd. (TISA) Will Announce Quarterly Sales of $8.25 Million
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%.
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.
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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