$0.56 EPS Expected for Endava plc (NYSE:DAVA) This Quarter

Wall Street analysts expect Endava plc (NYSE:DAVAGet Rating) to report earnings per share (EPS) of $0.56 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Endava’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.58. Endava reported earnings of $0.47 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 19.1%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Endava will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.40. For the next fiscal year, analysts expect that the business will post earnings of $2.90 per share, with EPS estimates ranging from $2.78 to $3.04. Zacks’ EPS averages are an average based on a survey of analysts that cover Endava.

Endava (NYSE:DAVAGet Rating) last posted its earnings results on Wednesday, February 16th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). The business had revenue of $157.67 million for the quarter, compared to analyst estimates of $151.61 million. Endava had a return on equity of 20.67% and a net margin of 11.78%. The company’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share.

DAVA has been the topic of several analyst reports. Citigroup lowered their target price on shares of Endava from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft lowered their price target on Endava from $162.00 to $154.00 in a research report on Thursday, February 17th. Morgan Stanley raised their price target on Endava from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, February 17th. Finally, Zacks Investment Research raised Endava from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $185.71.

Endava stock opened at $109.74 on Wednesday. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 69.90 and a beta of 1.03. Endava has a one year low of $86.57 and a one year high of $172.41. The company’s fifty day moving average price is $123.81 and its two-hundred day moving average price is $138.13.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Endava by 54.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,333,022 shares of the company’s stock valued at $181,091,000 after buying an additional 468,413 shares during the period. Acadian Asset Management LLC lifted its stake in Endava by 48.6% during the fourth quarter. Acadian Asset Management LLC now owns 1,309,692 shares of the company’s stock worth $219,882,000 after purchasing an additional 428,558 shares during the period. Wasatch Advisors Inc. lifted its stake in Endava by 3.5% during the fourth quarter. Wasatch Advisors Inc. now owns 1,266,532 shares of the company’s stock worth $212,676,000 after purchasing an additional 42,305 shares during the period. BlackRock Inc. lifted its stake in Endava by 0.5% during the third quarter. BlackRock Inc. now owns 925,650 shares of the company’s stock worth $125,751,000 after purchasing an additional 4,472 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in Endava by 841.0% during the fourth quarter. 1832 Asset Management L.P. now owns 475,200 shares of the company’s stock worth $79,201,000 after purchasing an additional 424,700 shares during the period. Institutional investors and hedge funds own 49.37% of the company’s stock.

About Endava (Get Rating)

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company 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.

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