Brokerages Anticipate Endava PLC – (DAVA) to Post $0.22 EPS

Brokerages forecast that Endava PLC – (NYSE:DAVA) will post $0.22 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Endava’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.21. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, May 21st.

On average, analysts expect that Endava will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $0.96. For the next year, analysts anticipate that the firm will post earnings of $1.12 per share, with EPS estimates ranging from $1.09 to $1.19. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Endava.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.09. The business had revenue of $92.41 million during the quarter, compared to the consensus estimate of $76.46 million.

Separately, Zacks Investment Research lowered Endava from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 18th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Endava in the 1st quarter worth approximately $217,000. Pendal Group Ltd grew its position in shares of Endava by 27.8% in the 4th quarter. Pendal Group Ltd now owns 14,710 shares of the company’s stock worth $357,000 after buying an additional 3,197 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Endava in the 3rd quarter worth approximately $608,000. JPMorgan Chase & Co. grew its position in shares of Endava by 440.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,219 shares of the company’s stock worth $859,000 after buying an additional 25,444 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its position in shares of Endava by 46.0% in the 1st quarter. Wasatch Advisors Inc. now owns 162,129 shares of the company’s stock worth $4,459,000 after buying an additional 51,077 shares during the last quarter. Hedge funds and other institutional investors own 12.51% of the company’s stock.

Shares of DAVA stock opened at $32.97 on Tuesday. The company has a market capitalization of $1.80 billion and a PE ratio of 46.44. Endava has a fifty-two week low of $21.13 and a fifty-two week high of $34.50.

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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