Endava (NYSE:DAVA) Posts 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) posted its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.10), Zacks reports. The business had revenue of $186.80 million during the quarter, compared to analyst estimates of $186.48 million. Endava had a return on equity of 5.56% and a net margin of 2.73%. Endava updated its FY 2026 guidance to 1.110-1.270 EPS and its Q1 2026 guidance to 0.230-0.26 EPS.

Endava Stock Performance

DAVA traded down $0.09 on Tuesday, reaching $9.95. The company had a trading volume of 714,575 shares, compared to its average volume of 768,085. Endava has a 1 year low of $9.73 and a 1 year high of $34.94. The stock has a market capitalization of $587.05 million, a PE ratio of 22.07 and a beta of 1.13. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $13.53 and a 200-day moving average price of $16.66.

Wall Street Analyst Weigh In

DAVA has been the subject of several research reports. Morgan Stanley dropped their price target on shares of Endava from $17.00 to $11.00 and set an "equal weight" rating for the company in a research note on Friday. Susquehanna cut their target price on shares of Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a research note on Tuesday, May 20th. JPMorgan Chase & Co. cut their target price on shares of Endava from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Needham & Company LLC cut their target price on shares of Endava from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday. Finally, 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 research note on Thursday, May 15th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.78.

Institutional Investors Weigh In On Endava

Large investors have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Endava by 6.4% in the second quarter. Invesco Ltd. now owns 3,661,123 shares of the company's stock valued at $56,088,000 after acquiring an additional 220,465 shares during the period. Sei Investments Co. raised its holdings in shares of Endava by 128.3% in the second quarter. Sei Investments Co. now owns 269,725 shares of the company's stock valued at $4,132,000 after buying an additional 151,600 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Endava by 14.7% in the second quarter. Daiwa Securities Group Inc. now owns 105,048 shares of the company's stock valued at $1,609,000 after buying an additional 13,490 shares during the last quarter. Sompo Asset Management Co. Ltd. raised its holdings in shares of Endava by 54.2% in the second quarter. Sompo Asset Management Co. Ltd. now owns 20,780 shares of the company's stock valued at $318,000 after buying an additional 7,300 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Endava by 16.1% in the first quarter. Jane Street Group LLC now owns 10,682 shares of the company's stock valued at $208,000 after buying an additional 1,482 shares during the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

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.