Telenav, Inc. (NASDAQ:TNAV) is set to announce first quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TNAV to report 1Q21 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 249.69 million, while looking forward to income of $ 0.09 per share bottom line.
Previous Quarter Performance
Telenav, Inc. recorded loss for the fourth quarter of $ 0.20 per share, from the revenue of $ 35.35 million. The quarterly revenues down 39.52 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.13 per share from $ 44.43 million in revenue. The bottom line results missed street analysts by $ 0.07 or 53.85 percent, at the same time, top line results fell short of analysts by $ 9.08 million or 20.44 percent.
Stock Performance
Shares of Telenav, Inc. traded low $ -0.02 or -0.42 percent on Wednesday, reaching $ 4.74 with volume of 1.26 million shares. Telenav, Inc. has traded high as $ 4.77 and has cracked $ 4.74 on the downward trend
The closing price of $ 4.74, representing a 37.97 % increase from the 52 week low of $ 3.45 and a 26.77 % decrease over the 52 week high of $ 6.50.
The company has a market capital of $ 225.26 million and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Telenav, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.telenav.com
Telenav, Inc., together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.
