Endava plc Forecasted to Earn Q1 2024 Earnings of $0.68 Per Share (NYSE:DAVA)

Posted by on Sep 25th, 2023

Endava plc (NYSE:DAVA – Free Report) – Stock analysts at Wedbush issued their Q1 2024 earnings per share (EPS) estimates for Endava in a report issued on Wednesday, September 20th. Wedbush analyst M. Katri anticipates that the company will post earnings of $0.68 per share for the quarter. The consensus estimate for Endava’s current full-year earnings is $1.42 per share. Wedbush also issued estimates for Endava’s Q3 2024 earnings at $0.52 EPS, FY2024 earnings at $2.01 EPS and FY2025 earnings at $1.20 EPS.

Endava (NYSE:DAVA – Get Free Report) last posted its earnings results on Tuesday, September 19th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.12. Endava had a return on equity of 18.07% and a net margin of 11.86%. The firm had revenue of $189.80 million during the quarter, compared to analyst estimates of $188.53 million. During the same period in the previous year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.

DAVA has been the subject of a number of other research reports. HSBC assumed coverage on shares of Endava in a research report on Monday, July 17th. They set a “buy” rating and a $74.00 target price for the company. Needham & Company LLC cut their price objective on Endava from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, September 20th. Morgan Stanley lowered their target price on Endava from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday, September 20th. Susquehanna cut their price target on Endava from $104.00 to $100.00 in a report on Monday, June 12th. Finally, TD Cowen reduced their price objective on Endava from $78.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, September 20th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $81.50.

Read Our Latest Report on DAVA

Endava Trading Up 2.5 %

Shares of Endava stock opened at $55.87 on Monday. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 28.36 and a beta of 1.16. Endava has a 1-year low of $44.62 and a 1-year high of $95.00. The firm has a fifty day simple moving average of $51.09 and a 200-day simple moving average of $54.49.

Institutional Investors Weigh In On Endava

A number of institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Endava by 60.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 41,314 shares of the company’s stock worth $3,161,000 after acquiring an additional 15,605 shares during the period. American Century Companies Inc. lifted its stake in Endava by 78.6% during the fourth quarter. American Century Companies Inc. now owns 302,515 shares of the company’s stock worth $23,142,000 after purchasing an additional 133,171 shares during the period. Russell Investments Group Ltd. grew its position in Endava by 0.9% in the first quarter. Russell Investments Group Ltd. now owns 78,459 shares of the company’s stock valued at $5,271,000 after acquiring an additional 685 shares during the period. FMR LLC raised its stake in Endava by 188.3% during the first quarter. FMR LLC now owns 1,560,795 shares of the company’s stock worth $104,854,000 after acquiring an additional 1,019,337 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its stake in Endava by 130.0% during the first quarter. Arcadia Investment Management Corp MI now owns 490 shares of the company’s stock worth $33,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 56.10% of the company’s stock.

About Endava

(Get Free Report)

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. It offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.

Featured Stories

Earnings History and Estimates for Endava (NYSE:DAVA)

Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter.