Endava (NYSE:DAVA) Updates Q4 2024 Earnings Guidance

Endava (NYSE:DAVA) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.280-0.290 for the period, compared to the consensus EPS estimate of 0.350. The company issued revenue guidance of $243.8 million-$246.3 million, compared to the consensus revenue estimate of $234.6 million. Endava also updated its FY 2024 guidance to 1.410-1.430 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DAVA. JPMorgan Chase & Co. reduced their target price on shares of Endava from $43.00 to $41.00 and set an overweight rating for the company in a report on Friday. TD Cowen lowered their target price on Endava from $46.00 to $42.00 and set a buy rating on the stock in a research note on Friday. Guggenheim cut their price target on Endava from $60.00 to $55.00 and set a buy rating for the company in a research note on Friday. Morgan Stanley reiterated an equal weight rating and issued a $40.00 price objective on shares of Endava in a research report on Monday, April 22nd. Finally, Needham & Company LLC dropped their price objective on shares of Endava from $50.00 to $42.00 and set a buy rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $46.41.

Endava Trading Down 3.1 %

Shares of Endava stock opened at $30.03 on Monday. The company has a 50-day moving average of $32.62 and a two-hundred day moving average of $54.09. Endava has a 12-month low of $28.13 and a 12-month high of $81.06. The stock has a market cap of $1.73 billion, a PE ratio of 33.37 and a beta of 1.14.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, May 23rd. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). The firm had revenue of $221.14 million during the quarter, compared to analyst estimates of $220.59 million. Endava had a return on equity of 7.13% and a net margin of 5.69%. On average, sell-side analysts forecast 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.