Research Solutions (RSSS) to Release Earnings on Thursday

Research Solutions (NASDAQ:RSSS – Get Rating) will release its earnings data after the market closes on Thursday, May 12th. Analysts expect Research Solutions to post earnings of ($0.02) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Research Solutions (NASDAQ:RSSS – Get Rating) last posted its quarterly earnings results on Thursday, February 10th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $7.87 million during the quarter, compared to the consensus estimate of $7.82 million. Research Solutions had a negative net margin of 2.78% and a negative return on equity of 17.15%. During the same period in the previous year, the firm posted ($0.01) earnings per share. On average, analysts expect Research Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Research Solutions stock opened at $1.93 on Thursday. The company has a market capitalization of $52.31 million, a PE ratio of -64.33 and a beta of 0.52. The firm has a fifty day simple moving average of $2.11 and a two-hundred day simple moving average of $2.25. Research Solutions has a twelve month low of $1.90 and a twelve month high of $3.26.

Several research firms have weighed in on RSSS. Zacks Investment Research raised shares of Research Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, January 13th. Maxim Group assumed coverage on shares of Research Solutions in a research note on Friday, February 11th. They set a “buy” rating and a $6.00 price objective for the company.

An institutional investor recently raised its position in Research Solutions stock. Renaissance Technologies LLC grew its position in shares of Research Solutions, Inc. (NASDAQ:RSSS – Get Rating) by 107.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,000 shares of the company’s stock after acquiring an additional 45,114 shares during the period. Renaissance Technologies LLC owned about 0.33% of Research Solutions worth $228,000 as of its most recent SEC filing. Institutional investors and hedge funds own 28.63% of the company’s stock.

Research Solutions Company Profile (Get Rating)

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.

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