Telenav (TNAV) Issues FY13 Earnings Guidance
Telenav (TNAV) issued an update on its FY13 earnings guidance on Thursday morning. The company provided EPS guidance of $0.26-0.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $193-197 million, compared to the consensus revenue estimate of $196.60 million.Telenav also updated its Q3 guidance to $0.07-0.09 EPS.
On a related note, analysts at JPMorgan Chase reiterated a neutral rating on shares of Telenav in a research note to investors on Monday, December 17th. They now have a $8.00 price target on the stock.
One research analyst has rated the stock with a buy rating, and four have given a hold rating to the company’s stock. The company currently has a consensus rating of hold and a consensus price target of $7.20.
Telenav (TNAV) traded up 0.25% on Thursday, hitting $7.90. Telenav (TNAV) has a 52-week low of $5.05 and a 52-week high of $8.43. The stock’s 50-day moving average is currently $7.89. The company has a market cap of $328.8 million and a price-to-earnings ratio of 12.67.
Telenav last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.04. The company had revenue of $50.60 million for the quarter, compared to the consensus estimate of $50.00 million. During the same quarter last year, the company posted $0.26 earnings per share. Telenav’s revenue was down 4.9% compared to the same quarter last year. Telenav has set its Q3 guidance at $0.07-0.09 EPS and its FY13 guidance at $0.26-0.33 EPS. Analysts expect that Telenav (TNAV) will post $0.22 EPS for the current fiscal year.
TeleNav, Inc., formerly TNAV Holdings, Inc., is a provider of location based services (LBS), including voice guided navigation on mobile phones.
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