Endava (NYSE:DAVA) Issues Q1 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of EUR 0.21-0.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of GBP 93-94 million, compared to the consensus revenue estimate of $90.70 million.Endava also updated its Q1 2021
Pre-Market guidance to 0.28-0.29 EPS.

A number of equities research analysts have recently issued reports on the stock. William Blair reissued an outperform rating on shares of Endava in a research report on Monday, August 17th. Wedbush assumed coverage on shares of Endava in a research report on Tuesday, May 26th. They set an outperform rating and a $60.00 price objective for the company. Morgan Stanley assumed coverage on shares of Endava in a research report on Monday, June 15th. They set an equal weight rating and a $54.00 price objective for the company. Zacks Investment Research raised shares of Endava from a sell rating to a hold rating in a research report on Tuesday, July 21st. Finally, Citigroup upped their target price on shares of Endava from $49.00 to $57.00 and gave the stock a neutral rating in a report on Friday, July 17th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $53.63.

DAVA opened at $55.18 on Tuesday. The firm has a 50-day simple moving average of $53.39 and a two-hundred day simple moving average of $47.14. Endava has a 52 week low of $27.21 and a 52 week high of $56.76. The company has a market capitalization of $2.93 billion, a PE ratio of 106.12, a price-to-earnings-growth ratio of 3.10 and a beta of 1.16. The company has a quick ratio of 2.08, a current ratio of 2.09 and a debt-to-equity ratio of 0.19.

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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