Top Image Systems Ltd. (TISA) Expected to Post Quarterly Sales of $8.25 Million
Analysts expect Top Image Systems Ltd. (NASDAQ:TISA) to report sales of $8.25 million for the current quarter, Zacks Investment Research reports. Two analysts have issued 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 in the same quarter last year, which indicates a positive year over year growth rate of 17.7%. The firm is expected to issue its next earnings report on Thursday, March 8th.
According to Zacks, 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 year, analysts anticipate that the firm will report sales of $35.10 million per share, with estimates ranging from $34.49 million to $35.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Top Image Systems.
A number of brokerages recently issued reports on TISA. ValuEngine downgraded Top Image Systems from a “sell” rating to a “strong sell” rating in a report on Friday, December 15th. HC Wainwright set a $3.00 price target on Top Image Systems and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research upgraded Top Image Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One 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’s stock. Top Image Systems has an average rating of “Hold” and an average target price of $2.50.
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Top Image Systems Company Profile
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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