TeleNav (NAS: TNAV) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), TeleNav beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted significantly.
Margins dropped across the board.
TeleNav recorded revenue of $46.0 million. The six analysts polled by S&P Capital IQ expected to see sales of $45.1 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $52.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.06. The four earnings estimates compiled by S&P Capital IQ anticipated $0.01 per share. GAAP EPS of $0.06 for Q1 were 67% lower than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 73.0%, 740 basis points worse than the prior-year quarter. Operating margin was 7.3%, 1,590 basis points worse than the prior-year quarter. Net margin was 5.9%, 960 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $46.4 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $190.4 million. The average EPS estimate is $0.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 117 members out of 121 rating the stock outperform, and four members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give TeleNav a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TeleNav is hold, with an average price target of $6.75.
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The article TeleNav Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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