Wall Street brokerages expect that Telenav, Inc. (NASDAQ:TNAV) will announce earnings of ($0.30) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Telenav’s earnings. The highest EPS estimate is ($0.29) and the lowest is ($0.30). 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 company is scheduled to report its next earnings results on Tuesday, January 30th.

Zacks’ EPS calculations are an average based on a survey of analysts that follow Telenav.

Telenav (NASDAQ:TNAV) last released its quarterly 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). The firm had revenue of $36.66 million for the quarter, compared to the consensus estimate of $36.84 million. Telenav had a negative net margin of 32.94% and a negative return on equity of 41.16%. Telenav’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.22) earnings per share.

A number of equities research analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $11.00 price objective on shares of Telenav in a research report on Thursday, August 10th. Zacks Investment Research upgraded Telenav from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered Telenav from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, BidaskClub upgraded Telenav from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in TNAV. Divisar Capital Management LLC raised its stake in shares of Telenav by 26.6% during the second quarter. Divisar Capital Management LLC now owns 2,640,381 shares of the technology company’s stock valued at $21,387,000 after acquiring an additional 554,399 shares in the last quarter. B. Riley Financial Inc. raised its stake in shares of Telenav by 131.7% during the third 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of Telenav by 15.0% during the first quarter. Vanguard Group Inc. now owns 1,200,607 shares of the technology company’s stock valued at $10,385,000 after acquiring an additional 156,248 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Telenav by 28.9% during the third quarter. New York State Common Retirement Fund now owns 347,305 shares of the technology company’s stock valued at $2,205,000 after acquiring an additional 77,900 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in shares of Telenav by 44.4% during the third quarter. Essex Investment Management Co. LLC now owns 244,268 shares of the technology company’s stock valued at $1,551,000 after acquiring an additional 75,088 shares in the last quarter. 53.75% of the stock is owned by institutional investors and hedge funds.

Telenav (TNAV) opened at $4.85 on Thursday. Telenav has a twelve month low of $4.70 and a twelve month high of $10.15.

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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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