Endava (NYSE:DAVA) Announces Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Key Points

• Endava (NYSE:DAVA) reported Q1 earnings of $0.22 EPS, missing analysts' expectations of $0.32 EPS by $0.10.
• The company updated its fiscal year 2026 guidance to a range of $1.110-$1.270 EPS and projected Q1 2026 EPS of $0.230-$0.26.
• Multiple analysts have downgraded Endava's rating recently, with the average target price now set at $24.56 compared to previous targets up to $25.00.

Endava (NYSE:DAVA - Get Free Report) released its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.10), Zacks reports. Endava had a return on equity of 3.59% and a net margin of 2.33%. Endava updated its FY 2026 guidance to 1.110-1.270 EPS and its Q1 2026 guidance to 0.230-0.26 EPS.

Endava Price Performance

NYSE DAVA opened at $10.64 on Thursday. The company has a 50 day moving average price of $13.84 and a two-hundred day moving average price of $17.27. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.21. Endava has a 12-month low of $10.75 and a 12-month high of $34.94. The stock has a market capitalization of $627.97 million, a PE ratio of 27.13 and a beta of 1.13.

Analyst Ratings Changes

Several research firms have recently commented on DAVA. Wall Street Zen lowered shares of Endava from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. TD Cowen downgraded shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a report on Thursday, May 15th. Needham & Company LLC lifted their target price on shares of Endava from $18.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Guggenheim dropped their target price on shares of Endava from $25.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Endava from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Endava has an average rating of "Hold" and an average target price of $24.56.

Institutional Investors Weigh In On Endava

Institutional investors and hedge funds have recently bought and sold shares of the business. Vident Advisory LLC bought a new stake in Endava during the 2nd quarter worth about $160,000. Sompo Asset Management Co. Ltd. lifted its position in Endava by 54.2% during the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 20,780 shares of the company's stock valued at $318,000 after purchasing an additional 7,300 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of Endava in the 2nd quarter valued at approximately $198,000. Sei Investments Co. increased its stake in Endava by 128.3% during the 2nd quarter. Sei Investments Co. now owns 269,725 shares of the company's stock worth $4,132,000 after purchasing an additional 151,600 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Endava by 14.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 105,048 shares of the company's stock worth $1,609,000 after purchasing an additional 13,490 shares in the last quarter. Institutional investors own 62.23% of the company's stock.

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.

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