Telenav (TNAV - Free Report) closed at $6.55 in the latest trading session, marking a -0.76% move from the prior day. This move lagged the S&P 500's daily gain of 0.05%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.3%.
Prior to today's trading, shares of the location-based platform services provider had gained 3.61% over the past month. This has lagged the Computer and Technology sector's gain of 3.73% and outpaced the S&P 500's gain of 3.08% in that time.
Wall Street will be looking for positivity from TNAV as it approaches its next earnings report date. The company is expected to report EPS of -$0.13, up 78.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $51.02 million, up 269.14% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.43 per share and revenue of $214.17 million. These totals would mark changes of +75.84% and +101.7%, respectively, from last year.
Any recent changes to analyst estimates for TNAV should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TNAV is currently a Zacks Rank #3 (Hold).
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 23% 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.