Increased Earnings Estimates Seen for Telenav (TNAV): Can It Move Higher? - Tale of the Tape
Telenav, Inc. ( TNAV ) is a leading company in the Wireless industry space that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TNAV's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Immersion Corp could be a solid choice for investors.
Current Quarter Estimates for TNAV
In the past 30 days, estimates have remained flat for Telenav. The trend has, however been pretty favorable, with estimates narrowing from a loss of 24 cents a share 30 days ago, to a loss of 17 cents today, a move of 41.2%
Current Year Estimates for TNAV
Meanwhile, Telenav's current year figures are also looking quite promising. Though the estimates have remained flat, the consensus estimate trend has seen a boost for this time frame, narrowing from a loss of 93 cents per share 30 days ago to a loss of 66 cents per share today, an increase of 41%.
The stock has also started to move higher lately, adding 22.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.