Telenav (NASDAQ:TNAV) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $(0.37)-(0.35) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.37). The company issued revenue guidance of $38-40 million, compared to the consensus revenue estimate of $39.03 million.

Several research analysts have issued reports on the company. Zacks Investment Research raised Telenav from a sell rating to a hold rating in a research report on Tuesday, December 5th. BidaskClub raised Telenav from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Finally, B. Riley reissued a buy rating and issued a $11.00 target price on shares of Telenav in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Telenav has an average rating of Hold and a consensus target price of $12.00.

Shares of Telenav (NASDAQ:TNAV) remained flat at $$4.70 during trading hours on Wednesday. The stock had a trading volume of 1,011,100 shares, compared to its average volume of 132,342. Telenav has a 1 year low of $4.50 and a 1 year high of $10.15.

Telenav (NASDAQ:TNAV) last announced its earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.06). The firm had revenue of $36.66 million during the quarter, compared to analysts’ expectations of $36.84 million. Telenav had a negative return on equity of 41.16% and a negative net margin of 32.94%. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.22) earnings per share. analysts anticipate that Telenav will post -1.4 EPS for the current fiscal year.

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Telenav Company Profile

TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.

Earnings History and Estimates for Telenav (NASDAQ:TNAV)

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