Equities research analysts expect that Telenav, Inc. (NASDAQ:TNAV) will announce $39.03 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Telenav’s earnings, with the highest sales estimate coming in at $39.20 million and the lowest estimate coming in at $38.90 million. Telenav posted sales of $52.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 24.9%. The company is scheduled to issue its next earnings results on Tuesday, January 30th.

On average, analysts expect that Telenav will report full-year sales of $39.03 million for the current year, with estimates ranging from $153.20 million to $165.26 million. For the next year, analysts anticipate that the business will post sales of $279.94 million per share, with estimates ranging from $269.37 million to $290.50 million. Zacks’ sales averages are an average based on a survey of research firms that cover Telenav.

Telenav (NASDAQ:TNAV) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.37) EPS 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 company had revenue of $36.66 million during the quarter, compared to the consensus estimate of $36.84 million. During the same quarter in the prior year, the business earned ($0.22) EPS. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year.

A number of brokerages recently weighed in on TNAV. Zacks Investment Research cut Telenav from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. B. Riley reissued a “buy” rating and set a $11.00 price objective on shares of Telenav in a report on Monday, October 30th. BidaskClub upgraded Telenav from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, ValuEngine lowered Telenav from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.00.

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Shares of Telenav (NASDAQ TNAV) traded up $0.15 during midday trading on Tuesday, reaching $5.05. The company’s stock had a trading volume of 114,100 shares, compared to its average volume of 131,388. Telenav has a fifty-two week low of $4.70 and a fifty-two week high of $10.15.

Several hedge funds have recently modified their holdings of TNAV. Voya Investment Management LLC bought a new stake in shares of Telenav in the 2nd quarter worth approximately $111,000. Susquehanna International Group LLP raised its stake in Telenav by 21.0% during the second quarter. Susquehanna International Group LLP now owns 20,676 shares of the technology company’s stock valued at $167,000 after buying an additional 3,595 shares during the last quarter. American International Group Inc. raised its stake in Telenav by 7.1% during the first quarter. American International Group Inc. now owns 20,066 shares of the technology company’s stock valued at $174,000 after buying an additional 1,328 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Telenav during the second quarter valued at $179,000. Finally, Strs Ohio raised its stake in Telenav by 63.3% during the second quarter. Strs Ohio now owns 24,500 shares of the technology company’s stock valued at $198,000 after buying an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 51.77% of the company’s stock.

Telenav Company Profile

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.

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Earnings History and Estimates for Telenav (NASDAQ:TNAV)

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