In the latest trading session, Telenav closed at $6.58, marking a +1.7% move from the previous day. This move outpaced the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Prior to today's trading, shares of the location-based platform services provider had gained 10.98% over the past month. This has outpaced the Computer and Technology sector's gain of 2.41% and the S&P 500's gain of 0.28% in that time.
TNAV will be looking to display strength as it nears its next earnings release. In that report, analysts expect TNAV to post earnings of -$0.13 per share. This would mark year-over-year growth of 78.33%. Our most recent consensus estimate is calling for quarterly revenue of $51.02 million, up 269.14% from the year-ago period.
TNAV's full-year Zacks Consensus Estimates are calling for earnings of -$0.43 per share and revenue of $214.17 million. These results would represent year-over-year changes of +75.84% and +101.7%, respectively.
Investors should also note any recent changes to analyst estimates for TNAV. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TNAV is currently sporting a Zacks Rank of #2 (Buy).
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TNAV in the coming trading sessions, be sure to utilize Zacks.com.
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Telenav (TNAV) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Telenav closed at $6.58, marking a +1.7% move from the previous day. This move outpaced the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Prior to today's trading, shares of the location-based platform services provider had gained 10.98% over the past month. This has outpaced the Computer and Technology sector's gain of 2.41% and the S&P 500's gain of 0.28% in that time.
TNAV will be looking to display strength as it nears its next earnings release. In that report, analysts expect TNAV to post earnings of -$0.13 per share. This would mark year-over-year growth of 78.33%. Our most recent consensus estimate is calling for quarterly revenue of $51.02 million, up 269.14% from the year-ago period.
TNAV's full-year Zacks Consensus Estimates are calling for earnings of -$0.43 per share and revenue of $214.17 million. These results would represent year-over-year changes of +75.84% and +101.7%, respectively.
Investors should also note any recent changes to analyst estimates for TNAV. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TNAV is currently sporting a Zacks Rank of #2 (Buy).
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TNAV in the coming trading sessions, be sure to utilize Zacks.com.