Endava (NYSE:DAVA) Issues Q4 Earnings Guidance

Endava (NYSE:DAVA) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of GBP 0.22-0.23 for the period, compared to the consensus EPS estimate of $0.28. The company issued revenue guidance of GBP 195-197 million, compared to the consensus revenue estimate of $187.61 million.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup cut their price objective on Endava from $40.00 to $33.00 and set a neutral rating for the company in a research report on Monday, April 22nd. Needham & Company LLC lowered their target price on Endava from $70.00 to $50.00 and set a buy rating for the company in a research note on Friday, March 1st. TD Cowen lowered their target price on Endava from $85.00 to $52.00 and set an outperform rating for the company in a research note on Friday, March 1st. Guggenheim started coverage on Endava in a research note on Tuesday, March 19th. They issued a buy rating and a $60.00 target price for the company. Finally, HSBC raised Endava from a hold rating to a buy rating and set a $45.00 target price for the company in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Endava has a consensus rating of Moderate Buy and an average target price of $51.00.

Endava Stock Down 0.2 %

Shares of Endava stock opened at $29.18 on Thursday. Endava has a 12 month low of $28.13 and a 12 month high of $81.06. The business has a fifty day simple moving average of $32.86 and a 200 day simple moving average of $54.45. The stock has a market cap of $1.69 billion, a PE ratio of 20.12 and a beta of 1.14.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Endava had a net margin of 8.88% and a return on equity of 11.77%. The business had revenue of $227.96 million during the quarter, compared to analyst estimates of $231.07 million. Analysts expect that Endava will post 0.62 EPS for the current fiscal year.

Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.