Zacks: Analysts Anticipate Endava PLC – (NYSE:DAVA) to Announce $0.23 EPS

Wall Street brokerages forecast that Endava PLC – (NYSE:DAVA) will announce earnings per share (EPS) of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Endava’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.23. Endava posted earnings of $0.20 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15%. The business is expected to report its next earnings results on Thursday, October 10th.

According to Zacks, analysts expect that Endava will report full-year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.93 to $0.96. For the next financial year, analysts anticipate that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $1.08 to $1.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Endava.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The firm had revenue of $73.06 million for the quarter, compared to analyst estimates of $71.82 million. Endava had a net margin of 9.59% and a return on equity of 30.34%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share.

Several research firms have issued reports on DAVA. KeyCorp decreased their price target on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Morgan Stanley decreased their price objective on shares of Pure Storage from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 22nd. Finally, Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.32.

Endava stock traded down $0.88 during mid-day trading on Monday, hitting $38.99. The company’s stock had a trading volume of 28,310 shares, compared to its average volume of 82,398. The firm has a market capitalization of $2.11 billion and a PE ratio of 54.92. Endava has a twelve month low of $21.13 and a twelve month high of $43.93. The firm’s fifty day simple moving average is $38.85.

Institutional investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new position in Endava in the 1st quarter worth approximately $162,000. Davy Asset Management Ltd acquired a new position in Endava in the 2nd quarter worth approximately $618,000. Pendal Group Ltd boosted its stake in Endava by 19.4% in the 1st quarter. Pendal Group Ltd now owns 17,566 shares of the company’s stock worth $483,000 after purchasing an additional 2,856 shares during the period. Marshall Wace LLP boosted its stake in Endava by 52.6% in the 1st quarter. Marshall Wace LLP now owns 45,007 shares of the company’s stock worth $1,238,000 after purchasing an additional 15,519 shares during the period. Finally, MYDA Advisors LLC acquired a new position in Endava in the 1st quarter worth approximately $1,430,000. 13.74% of the stock is owned by hedge funds and other institutional investors.

Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.

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Earnings History and Estimates for Endava (NYSE:DAVA)

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