Brokerages expect that Telenav Inc (NASDAQ:TNAV) will announce earnings per share (EPS) of ($0.30) for the current quarter, according to Zacks. Three analysts have made estimates for Telenav’s earnings, with estimates ranging from ($0.30) to ($0.29). Telenav reported earnings of ($0.07) per share in the same quarter last year, which indicates a negative year over year growth rate of 328.6%. The firm is scheduled to report its next quarterly earnings report on Tuesday, January 30th.
Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Telenav.
Telenav (NASDAQ:TNAV) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.06). Telenav had a negative return on equity of 41.16% and a negative net margin of 32.94%. The firm had revenue of $36.66 million during the quarter, compared to analyst estimates of $36.84 million. During the same period in the previous year, the company earned ($0.22) earnings per share. The business’s revenue for the quarter was down 13.2% on a year-over-year basis.
TNAV has been the topic of several research reports. Zacks Investment Research lowered Telenav from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. B. Riley reaffirmed a “buy” rating and issued a $11.00 target price on shares of Telenav in a research report on Monday, October 30th. Finally, Craig Hallum set a $9.00 target price on Telenav and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.25.
Shares of Telenav (NASDAQ TNAV) remained flat at $$5.60 during mid-day trading on Wednesday. The stock had a trading volume of 47,249 shares, compared to its average volume of 138,037. Telenav has a 52-week low of $4.50 and a 52-week high of $10.15. The company has a market capitalization of $248.15, a price-to-earnings ratio of -4.52 and a beta of 0.87.
A number of hedge funds have recently modified their holdings of the business. Divisar Capital Management LLC increased its position in Telenav by 26.6% in the 2nd quarter. Divisar Capital Management LLC now owns 2,640,381 shares of the technology company’s stock worth $21,387,000 after purchasing an additional 554,399 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Telenav by 6.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,282,162 shares of the technology company’s stock valued at $10,386,000 after acquiring an additional 81,555 shares during the last quarter. B. Riley Financial Inc. increased its holdings in shares of Telenav by 131.7% during the 3rd quarter. B. Riley Financial Inc. now owns 869,660 shares of the technology company’s stock valued at $5,522,000 after acquiring an additional 494,267 shares during the last quarter. Castleark Management LLC increased its holdings in shares of Telenav by 9.8% during the 2nd quarter. Castleark Management LLC now owns 553,705 shares of the technology company’s stock valued at $4,485,000 after acquiring an additional 49,222 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Telenav by 9.5% during the 2nd quarter. State Street Corp now owns 527,424 shares of the technology company’s stock valued at $4,273,000 after acquiring an additional 45,895 shares during the last quarter. 53.75% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/13/telenav-inc-tnav-expected-to-post-earnings-of-0-30-per-share.html.
TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.
Get a free copy of the Zacks research report on Telenav (TNAV)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Telenav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenav and related companies with MarketBeat.com's FREE daily email newsletter.