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Telenav (TNAV) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
Baidu Inc. (BIDU) closed the most recent trading day at $117.66, moving +0.61% from the previous trading session.

Telenav (TNAV) closed the most recent trading day at $6.62, moving -0.45% from the previous trading session. This move lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.55%, while the tech-heavy Nasdaq added 0.07%.

Heading into today, shares of the location-based platform services provider had gained 16.87% over the past month, outpacing the Computer and Technology sector's gain of 4.76% and the S&P 500's gain of 2.14% in that time.

Investors will be hoping for strength from TNAV as it approaches 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.

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.

Investors should also note any recent changes to analyst estimates for TNAV. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. 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 166, putting it in the bottom 35% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.

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Telenav, Inc. (TNAV) : Free Stock Analysis Report
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