Endava (NYSE:DAVA) Updates Q1 2026 Earnings Guidance

Key Points

• Endava has issued Q1 2026 earnings guidance with an EPS forecast of 0.230-0.26, exceeding the consensus estimate of 0.210, alongside revenue guidance of $244.4 million-$247.1 million, below the consensus of $252.7 million.
• Several analysts have downgraded Endava's stock, with rating changes including a shift from "buy" to "hold" and decreased price targets, indicating a more cautious outlook for the company.
• Institutional investors have shown increased activity, with significant additions to their stakes in Endava, highlighting a strong interest despite the recent downgrades.

Endava (NYSE:DAVA - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.230-0.26 for the period, compared to the consensus earnings per share estimate of 0.210. The company issued revenue guidance of $244.4 million-$247.1 million, compared to the consensus revenue estimate of $252.7 million. Endava also updated its FY 2026 guidance to 1.110-1.270 EPS.

Endava Stock Down 0.9%

NYSE:DAVA traded down $0.09 during mid-day trading on Tuesday, hitting $9.94. The stock had a trading volume of 714,575 shares, compared to its average volume of 768,085. The stock has a 50-day simple moving average of $13.53 and a two-hundred day simple moving average of $16.66. The company has a market capitalization of $586.70 million, a PE ratio of 22.07 and a beta of 1.13. Endava has a twelve month low of $9.73 and a twelve month high of $34.94. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Cowen reaffirmed a "hold" rating on shares of Endava in a report on Friday. 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 report on Friday. Deutsche Bank Aktiengesellschaft started coverage on shares of Endava in a report on Thursday, July 17th. They issued a "hold" rating and a $14.00 target price on the stock. Morgan Stanley lowered their price objective on shares of Endava from $17.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, Susquehanna lowered their price objective on shares of Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a research report on Tuesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.78.

Institutional Investors Weigh In On Endava

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Endava by 733.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company's stock worth $29,000 after purchasing an additional 1,680 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of Endava during the 2nd quarter worth $160,000. Benjamin Edwards Inc. acquired a new position in shares of Endava during the 2nd quarter worth $198,000. Geode Capital Management LLC acquired a new position in shares of Endava during the 2nd quarter worth $205,000. Finally, Jane Street Group LLC raised its stake in shares of Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company's stock worth $208,000 after buying an additional 1,482 shares during the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

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.