Endava (NYSE:DAVA) Updates FY 2026 Earnings Guidance

Key Points

• Endava updated its FY 2026 earnings guidance, projecting EPS between 1.110 and 1.270, significantly above the consensus estimate of 0.850.
• The company maintains a revenue guidance of $1.0 billion, aligning with market expectations, and has updated its Q1 2026 EPS guidance to 0.230-0.26.
• Institutional interest has increased, with significant stakes added by firms such as Jane Street Group and EverSource Wealth Advisors in recent quarters.

Endava (NYSE:DAVA - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.110-1.270 for the period, compared to the consensus EPS estimate of 0.850. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Endava also updated its Q1 2026 guidance to 0.230-0.26 EPS.

Endava Stock Down 0.9%

Shares of NYSE:DAVA traded down $0.09 during trading hours on Tuesday, hitting $9.94. The company's stock had a trading volume of 714,575 shares, compared to its average volume of 768,085. Endava has a 52 week low of $9.73 and a 52 week high of $34.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market capitalization of $586.70 million, a price-to-earnings ratio of 22.07 and a beta of 1.13. The firm's fifty day moving average price is $13.53 and its 200 day moving average price is $16.66.

Wall Street Analysts Forecast Growth

DAVA has been the subject of several recent research reports. Needham & Company LLC reduced their price target on shares of Endava from $20.00 to $12.00 and set a "buy" rating for the company in a report on Friday. Guggenheim reduced their price target on shares of Endava from $20.00 to $18.00 and set a "buy" rating for the company in a report on Friday. Cowen restated a "hold" rating on shares of Endava in a report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Endava in a report on Thursday, July 17th. They issued a "hold" rating and a $14.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Endava from $18.00 to $17.00 and set a "neutral" rating for the company in a research note 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 data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.78.

Institutional Trading of Endava

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

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.