Endava (NYSE:DAVA) Issues FY 2026 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.610-0.660 for the period, compared to the consensus EPS estimate of 0.790. The company issued revenue guidance of $973.0 million-$978.3 million, compared to the consensus revenue estimate of $996.7 million. Endava also updated its Q4 2026 guidance to 0.120-0.180 EPS.

Endava Price Performance

Shares of NYSE:DAVA opened at $3.34 on Friday. The company’s 50-day moving average is $4.33 and its 200 day moving average is $5.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39. The company has a market capitalization of $187.46 million, a P/E ratio of -0.32 and a beta of 1.11. Endava has a fifty-two week low of $3.20 and a fifty-two week high of $17.36.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). The company had revenue of $236.44 million during the quarter, compared to analysts’ expectations of $242.79 million. Endava had a positive return on equity of 2.14% and a negative net margin of 57.01%.Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. On average, equities research analysts forecast that Endava will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

DAVA has been the topic of several recent research reports. CLSA set a $5.00 price objective on shares of Endava in a report on Friday. Guggenheim dropped their price objective on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Needham & Company LLC dropped their price objective on shares of Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Research downgraded shares of Endava from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Endava in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $7.14.

Trending Headlines about Endava

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Needham & Company trimmed its price target but kept a buy rating, suggesting some analysts still see rebound potential for Endava despite the weak quarter.
• Neutral Sentiment: TD Cowen lowered its target to $4.00 and maintained a hold view, reflecting a more cautious but not outright bearish stance on the name.
• Neutral Sentiment: Morgan Stanley cut its target to $4.00 and kept an equal weight rating, indicating the firm sees limited near-term upside but not a dramatic deterioration beyond current expectations.
• Neutral Sentiment: JPMorgan reaffirmed an underweight rating while reducing its target, underscoring that sentiment on the stock remains subdued after the earnings update.
• Negative Sentiment: Endava reported fiscal Q3 EPS of $0.07 versus the $0.27 consensus and revenue of $236.4 million versus $242.8 million expected, then cut FY26 EPS and revenue guidance below estimates. Endava Announces Third Quarter Fiscal Year 2026 Results
• Negative Sentiment: Johnson Fistel said it is investigating potential securities-law violations tied to investor losses, adding a legal-overhang headline that may further weigh on shares. Endava plc Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

Institutional Investors Weigh In On Endava

Institutional investors and hedge funds have recently modified their holdings of the company. Benjamin Edwards Inc. bought a new position in shares of Endava in the second quarter worth approximately $198,000. Geode Capital Management LLC increased its position in shares of Endava by 38.1% in the fourth quarter. Geode Capital Management LLC now owns 30,936 shares of the company’s stock worth $196,000 after purchasing an additional 8,530 shares during the last quarter. CenterBook Partners LP bought a new position in shares of Endava in the fourth quarter worth approximately $175,000. Vident Advisory LLC bought a new position in shares of Endava in the second quarter worth approximately $160,000. Finally, Jain Global LLC bought a new position in shares of Endava in the third quarter worth approximately $154,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.