Endava (NYSE:DAVA) Issues Q4 2024 Earnings Guidance

Endava (NYSE:DAVA) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.280-0.290 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup decreased their target price on Endava from $40.00 to $33.00 and set a neutral rating for the company in a report on Monday, April 22nd. JPMorgan Chase & Co. decreased their target price on Endava from $43.00 to $41.00 and set an overweight rating for the company in a report on Friday. Wedbush decreased their target price on Endava from $65.00 to $50.00 and set an outperform rating for the company in a report on Thursday. TD Cowen decreased their target price on Endava from $46.00 to $42.00 and set a buy rating for the company in a report on Friday. Finally, HSBC raised Endava from a hold rating to a buy rating and set a $45.00 price target on the stock in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Endava has an average rating of Moderate Buy and an average price target of $46.41.

Endava Trading Down 3.1 %

NYSE DAVA opened at $30.03 on Friday. 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 P/E ratio of 33.37 and a beta of 1.14. The stock’s fifty day moving average price is $32.62 and its 200-day moving average price is $54.09.

Endava (NYSE:DAVA) last released its earnings results on Thursday, May 23rd. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). Endava had a return on equity of 7.13% and a net margin of 5.69%. The company had revenue of $221.14 million during the quarter, compared to analysts’ expectations of $220.59 million. As a group, analysts forecast that Endava will post 0.62 earnings per share for the current fiscal year.

About Endava

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.