Telenav (TNAV) to Release Earnings on Thursday

Telenav (NASDAQ:TNAV) will be posting its quarterly earnings results after the market closes on Thursday, November 8th. Analysts expect Telenav to post earnings of ($0.27) per share for the quarter.

Telenav (NASDAQ:TNAV) last issued its quarterly earnings data on Tuesday, August 7th. The technology company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.05. Telenav had a negative net margin of 83.93% and a negative return on equity of 129.39%. The company had revenue of $16.62 million for the quarter, compared to analysts’ expectations of $15.58 million. On average, analysts expect Telenav to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Telenav stock opened at $4.26 on Thursday. Telenav has a twelve month low of $4.08 and a twelve month high of $6.60. The firm has a market capitalization of $195.47 million, a P/E ratio of -2.23 and a beta of 0.79.

Several equities analysts recently issued reports on TNAV shares. BidaskClub upgraded shares of Telenav from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. B. Riley restated a “buy” rating on shares of Telenav in a report on Monday, July 23rd. Finally, Zacks Investment Research upgraded shares of Telenav from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $8.33.

About Telenav

Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.

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Earnings History for Telenav (NASDAQ:TNAV)

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