Telenav (TNAV - Free Report) closed the most recent trading day at $6.63, making no change from the previous trading session. This change lagged the S&P 500's daily gain of 0.35%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 0.7%.
Heading into today, shares of the location-based platform services provider had gained 9.23% over the past month, outpacing the Computer and Technology sector's gain of 6.69% and the S&P 500's gain of 5.14% 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%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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 might also notice 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TNAV is currently sporting a Zacks Rank of #3 (Hold).
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.