Equities analysts expect Telenav Inc (NASDAQ:TNAV) to report earnings of ($0.30) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Telenav’s earnings. The lowest EPS estimate is ($0.30) and the highest is ($0.29). Telenav posted earnings per share of ($0.07) during the same quarter last year, which would suggest a negative year over year growth rate of 328.6%. The company is expected to issue its next earnings results on Tuesday, January 30th.

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

Telenav (NASDAQ:TNAV) last posted 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 net margin of 32.94% and a negative return on equity of 41.16%. 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 posted ($0.22) EPS. Telenav’s revenue for the quarter was down 13.2% compared to the same quarter last year.

A number of brokerages recently issued reports on TNAV. B. Riley reissued a “buy” rating and set a $11.00 price target on shares of Telenav in a research report on Monday, October 30th. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Craig Hallum set a $9.00 price target on Telenav and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Telenav presently has a consensus rating of “Hold” and an average target price of $11.25.

A number of large investors have recently modified their holdings of the stock. Divisar Capital Management LLC lifted its stake in Telenav by 26.6% during the second 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. B. Riley Financial Inc. lifted its stake in Telenav by 131.7% during the third quarter. B. Riley Financial Inc. now owns 869,660 shares of the technology company’s stock worth $5,522,000 after purchasing an additional 494,267 shares during the last quarter. Vanguard Group Inc. lifted its stake in Telenav by 6.8% during the second quarter. Vanguard Group Inc. now owns 1,282,162 shares of the technology company’s stock worth $10,386,000 after purchasing an additional 81,555 shares during the last quarter. New York State Common Retirement Fund lifted its stake in 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 worth $2,205,000 after purchasing an additional 77,900 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its stake in Telenav by 44.4% during the third quarter. Essex Investment Management Co. LLC now owns 244,268 shares of the technology company’s stock worth $1,551,000 after purchasing an additional 75,088 shares during the last quarter. 53.75% of the stock is currently owned by institutional investors and hedge funds.

Telenav (NASDAQ:TNAV) opened at $5.55 on Wednesday. Telenav has a 12-month low of $4.50 and a 12-month high of $10.15. The company has a market capitalization of $245.93, a P/E ratio of -4.48 and a beta of 0.87.

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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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