Telenav (TNAV) Scheduled to Post Quarterly Earnings on Monday

Telenav (NASDAQ:TNAV) is scheduled to announce its earnings results after the market closes on Monday, January 29th.

Telenav (NASDAQ:TNAV) last posted its quarterly 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). 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 period last year, the business posted ($0.22) earnings per share. On average, analysts expect Telenav to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Telenav (NASDAQ TNAV) opened at $5.60 on Monday. The company has a market cap of $248.15, a P/E ratio of -4.55 and a beta of 0.87. Telenav has a one year low of $4.50 and a one year high of $10.15.

Several research analysts have commented on TNAV shares. Craig Hallum set a $9.00 price target on shares of Telenav and gave the stock a “buy” rating in a research note on Thursday, December 21st. B. Riley restated a “buy” rating and issued a $11.00 target price on shares of Telenav in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Telenav currently has a consensus rating of “Hold” and a consensus target price 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 for Telenav (NASDAQ:TNAV)

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