Telenav (TNAV - Free Report) closed at $5.86 in the latest trading session, marking a -0.68% move from the prior day. This change lagged the S&P 500's 0% on the day. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, added 0.25%.
Heading into today, shares of the location-based platform services provider had lost 1.67% over the past month, lagging the Computer and Technology sector's gain of 3.92% and the S&P 500's gain of 2.36% in that time.
Wall Street will be looking for positivity from TNAV as it approaches its next earnings report date. On that day, TNAV is projected to report earnings of -$0.13 per share, which would represent year-over-year growth of 78.33%. Meanwhile, our latest consensus estimate is calling for revenue of $51.02 million, up 269.14% from the prior-year quarter.
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.
Any recent changes to analyst estimates for TNAV should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TNAV is currently sporting a Zacks Rank of #2 (Buy).
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.