Trimble Navigation Limited (TRMB), Audience Inc (ADNC), Regional Management Corp (RM): Stocks Basking In The Red Light

Testing a new 52-week low level of $25.66 was almost inevitable for Trimble Navigation Limited (NASDAQ:TRMB) after it missed the estimate. Furthermore, the decline in the stock is well-understood if you think that the company guided below the estimate for the current quarter.

The company posted 3Q earnings of $0.33 per share and revenue of $584.8 million. Although the revenue increased more than 5% from the previous year, the figure trailed the estimate of $603.5 million. Earnings also missed the estimate of $0.38.

For the current quarter, Trimble Navigation Limited (NASDAQ:TRMB) is looking for earnings and revenue of $0.26-$0.32 and $560-$590 million, respectively. However, analysts are looking for earnings of $0.41 and revenue of $635.8 million in the quarter.

Analyst identify potential hold signals in TRMB.

Audience Inc (NASDAQ:ADNC) was downgraded at Topeka Capital over various concerns. The analysts reduced the stock to a “Hold” from a “Buy”. They also cut their target price on it to $6 from $10. Topeka Capital cited that the market condition was not conducive for Audience Inc (NASDAQ:ADNC), especially looking at the demand in the smartphone space. The company’s revenue that was below expectation and downbeat 4Q guidance was also cited as lacking enough optimism.

Audience Inc (NASDAQ:ADNC) posted a loss of $0.35 per share generated revenue of $22.7 million. EPS beat the estimated loss of $0.39 per share, but revenue fell short of the estimate of $26.1 million.

Why is momentum shifting in ADNC?  Read this analyst breakdown.

Regional Management Corp (NYSE:RM)‘s 3Q delivered mixed results as revenue increased, but net income tumbled by a huge margin from last year. The company also announced that its CEO resigned, and an interim replacement was appointed to hold the position. Revenue in 3Q edged up nearly 22% to $53.9 million.

However, the net income column delivered bad news as the numbers there declined 80.7% to just about $1.4 million. Earnings per share were recorded as $0.11 based on 12.9 million shares.

Meanwhile, Regional Management Corp (NYSE:RM) announced the resignation of Thomas F. Fortin from the CEO position and the appointment of Michael R. Dunn to takeover. The search for a permanent holder of the office will be launched.

Are analyst calling RM a long-term hold?

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