Telenav (NASDAQ:TNAV) Updates Q2 Earnings Guidance

Telenav (NASDAQ:TNAV) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $(0.37)-(0.35) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.37). The company issued revenue guidance of $38-40 million, compared to the consensus revenue estimate of $39.03 million.

Shares of Telenav (NASDAQ TNAV) remained flat at $$5.60 during mid-day trading on Friday. The company 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 cap of $248.15, a PE ratio of -4.52 and a beta of 0.87.

Telenav (NASDAQ:TNAV) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.06). The business had revenue of $36.66 million for the quarter, compared to analysts’ expectations of $36.84 million. Telenav had a negative return on equity of 41.16% and a negative net margin of 32.94%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) EPS. equities analysts expect that Telenav will post -1.4 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on TNAV shares. B. Riley restated a buy rating and set a $11.00 target price on shares of Telenav in a research note on Monday, October 30th. Zacks Investment Research downgraded shares of Telenav from a hold rating to a sell rating in a report on Thursday, November 9th. Finally, Craig Hallum set a $9.00 price target on shares of Telenav and gave the company a buy rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $11.25.

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About Telenav

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.

Earnings History and Estimates for Telenav (NASDAQ:TNAV)

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