Telenav (TNAV - Free Report) closed the most recent trading day at $6.33, making no change from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Heading into today, shares of the location-based platform services provider had lost 3.8% over the past month, lagging the Computer and Technology sector's gain of 6.02% and the S&P 500's gain of 4.87% in that time.
Investors will be hoping for strength from TNAV as it approaches its next earnings release. 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.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.43 per share and revenue of $214.17 million, which would represent changes of +75.84% and +101.7%, respectively, from the prior year.
Any recent changes to analyst estimates for TNAV should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. 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 industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.