$221.44 Million in Sales Expected for Endava plc (NYSE:DAVA) This Quarter

Equities research analysts expect Endava plc (NYSE:DAVAGet Rating) to report $221.44 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Endava’s earnings. The highest sales estimate is $231.03 million and the lowest is $217.84 million. Endava reported sales of $186.75 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.6%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Endava will report full year sales of $810.43 million for the current fiscal year, with estimates ranging from $796.55 million to $847.69 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.01 billion, with estimates ranging from $989.64 million to $1.06 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Endava.

Endava (NYSE:DAVAGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $169.20 million during the quarter, compared to the consensus estimate of $162.36 million. Endava had a return on equity of 20.94% and a net margin of 11.84%. The company’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share.

A number of equities analysts have commented on the company. Cowen decreased their target price on Endava from $155.00 to $125.00 in a research note on Friday, May 13th. Wedbush decreased their target price on Endava from $200.00 to $120.00 in a research note on Monday. Susquehanna Bancshares decreased their target price on Endava from $200.00 to $150.00 in a research note on Friday, May 13th. Morgan Stanley lifted their target price on Endava from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, February 17th. Finally, Citigroup cut their price target on Endava from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $151.00.

Shares of DAVA stock opened at $91.50 on Thursday. The business has a 50 day moving average of $116.73 and a two-hundred day moving average of $132.58. Endava has a 52 week low of $88.12 and a 52 week high of $172.41. The company has a market cap of $5.10 billion, a P/E ratio of 53.20 and a beta of 1.17.

A number of large investors have recently made changes to their positions in DAVA. Invesco Ltd. bought a new stake in Endava during the first quarter worth approximately $64,236,000. Acadian Asset Management LLC raised its holdings 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 in the last quarter. 1832 Asset Management L.P. raised its holdings 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 in the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in shares of Endava by 22.6% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,780,534 shares of the company’s stock valued at $236,864,000 after buying an additional 328,712 shares in the last quarter. Finally, WCM Investment Management LLC increased its holdings in shares of Endava by 126.0% in the first quarter. WCM Investment Management LLC now owns 531,344 shares of the company’s stock valued at $70,685,000 after buying an additional 296,204 shares in the last quarter. 49.74% of the stock is currently owned by hedge funds and other institutional investors.

Endava Company Profile (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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