Endava PLC (DAVA) reported disappointing third-quarter earnings, missing estimates and lowering its FY26 guidance significantly. The company now expects adjusted EPS of $0.61-$0.66 and sales of $972.956 million-$978.348 million, indicating ongoing challenges in demand and spending within the tech sector.
Endava's Q1 earnings release on Nov. 11 expected at 18 cents per share. Revenue forecast at $182.08 million, down from $195.05 million last year. Analysts have mixed ratings; price targets have been lowered significantly. Morgan Stanley reduced target from $17 to $11; Needham cut from $20 to $12. Endava's shares rose 1.4% to close at $9.43 before earnings.
Endava to release Q3 earnings on May 14, 2025. Expected earnings: 31 cents per share, up from 22 cents last year. Projected revenue: $197.84 million, an increase from $174.37 million. Recent analyst ratings show mixed perspectives on price targets. DAVA shares closed at $21.41, down 0.4% on Tuesday.
Endava expects earnings to decline to 30 cents per share. Projected revenue is $256.75 million, up from $237.01 million last year. Analysts have lowered price targets for DAVA stock recently. DAVA shares fell 8% recently, closing at $29.40. Analysts maintain buy or outperform ratings despite target cuts.