Endava (NYSE:DAVA - Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of GBP 0.22-0.23 for the period, compared to the consensus earnings per share estimate of $0.28. The company issued revenue guidance of GBP 195-197 million, compared to the consensus revenue estimate of $187.61 million.
Wall Street Analyst Weigh In
DAVA has been the subject of several analyst reports. Citigroup decreased their target price on shares of Endava from $40.00 to $33.00 and set a neutral rating for the company in a research note on Monday, April 22nd. Needham & Company LLC reduced their price target on Endava from $70.00 to $50.00 and set a buy rating for the company in a report on Friday, March 1st. Wedbush dropped their price objective on Endava from $65.00 to $50.00 and set an outperform rating on the stock in a report on Thursday. Morgan Stanley reiterated an equal weight rating and set a $40.00 target price on shares of Endava in a research note on Monday, April 22nd. Finally, HSBC upgraded shares of Endava from a hold rating to a buy rating and set a $45.00 price target for the company in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $50.90.
Read Our Latest Stock Report on Endava
Endava Stock Up 6.0 %
DAVA stock traded up $1.75 during trading on Thursday, hitting $30.96. 1,632,229 shares of the company's stock traded hands, compared to its average volume of 595,245. The stock has a fifty day moving average price of $32.86 and a two-hundred day moving average price of $54.45. Endava has a 52 week low of $28.13 and a 52 week high of $81.06. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 21.35 and a beta of 1.14.
Endava (NYSE:DAVA - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Endava had a return on equity of 11.77% and a net margin of 8.88%. The business had revenue of $227.96 million for the quarter, compared to analyst estimates of $231.07 million. As a group, equities research analysts expect that Endava will post 0.62 EPS for the current fiscal year.
About Endava
(
Get Free Report)
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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