Wall Street analysts expect Endava PLC – (NYSE:DAVA) to post earnings per share of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Endava’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.27. Endava posted earnings of $0.22 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 18.2%. The company is scheduled to announce its next earnings report on Thursday, December 5th.
According to Zacks, analysts expect that Endava will report full year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.05 to $1.09. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.20 per share, with EPS estimates ranging from $1.04 to $1.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Endava.
Several research firms have recently weighed in on DAVA. Cantor Fitzgerald began coverage on Endava in a report on Thursday, October 10th. They set a “neutral” rating and a $39.00 price target on the stock. ValuEngine cut Endava from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Needham & Company LLC began coverage on Endava in a report on Friday. They set a “buy” rating and a $46.00 price target on the stock. Zacks Investment Research cut Endava from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Finally, Deutsche Bank increased their price target on Endava from $36.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $39.89.
Several large investors have recently bought and sold shares of DAVA. Marshall Wace LLP increased its stake in shares of 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 in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Endava in the 1st quarter worth $162,000. Davy Asset Management Ltd purchased a new stake in shares of Endava in the 2nd quarter worth $618,000. SG Americas Securities LLC purchased a new stake in shares of Endava in the 2nd quarter worth $1,196,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of Endava in the 2nd quarter worth $2,766,000. Hedge funds and other institutional investors own 27.28% of the company’s stock.
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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