Endava (NYSE:DAVA) Issues FY 2022 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.340-$2.410 for the period. The company issued revenue guidance of $842.55 million-$849.40 million, compared to the consensus revenue estimate of $846.71 million.Endava also updated its Q2 2022 guidance to $0.580-$0.603 EPS.

Shares of NYSE:DAVA traded up $1.15 during trading on Thursday, hitting $152.21. 128,467 shares of the stock traded hands, compared to its average volume of 175,998. The company has a fifty day moving average price of $148.82 and a two-hundred day moving average price of $128.72. Endava has a 52-week low of $60.96 and a 52-week high of $172.41. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 110.30, a P/E/G ratio of 3.92 and a beta of 0.91.

Endava (NYSE:DAVA) last released its quarterly earnings data on Monday, November 15th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $147.50 million during the quarter, compared to analysts’ expectations of $144.69 million. Endava had a net margin of 11.52% and a return on equity of 19.86%. The firm’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. As a group, equities research analysts anticipate that Endava will post 1.59 EPS for the current fiscal year.

Several research analysts recently commented on DAVA shares. Deutsche Bank Aktiengesellschaft increased their price objective on Endava from $125.00 to $162.00 and gave the company a buy rating in a research note on Wednesday, November 17th. Citigroup upped their target price on Endava from $137.00 to $150.00 and gave the company a buy rating in a report on Wednesday, September 29th. Morgan Stanley restated a hold rating and issued a $140.00 price target on shares of Endava in a research report on Friday, October 8th. Zacks Investment Research lowered shares of Endava from a buy rating to a hold rating in a research report on Tuesday, October 26th. Finally, Needham & Company LLC increased their price objective on shares of Endava from $165.00 to $195.00 and gave the company a buy rating in a research note on Wednesday, November 17th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Endava has an average rating of Buy and a consensus target price of $153.78.

A hedge fund recently bought a new stake in Endava stock. LPL Financial LLC bought a new stake in Endava plc (NYSE:DAVA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,818 shares of the company’s stock, valued at approximately $247,000. 47.96% of the stock is currently owned by institutional investors.

About Endava

Endava Plc engages in the provision of technology services. It focuses on finance, insurance, telecommunications, media, and retail companies. The company was founded by John Edward Cotterell in 2000 and is headquartered in London, the United Kingdom.

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Earnings History and Estimates for Endava (NYSE:DAVA)

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