Endava (NYSE:DAVA) Updates Q1 2025 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.260-0.280 for the period, compared to the consensus earnings per share estimate of 0.360. The company issued revenue guidance of $244.8 million-$246.0 million, compared to the consensus revenue estimate of $263.6 million. Endava also updated its FY 2025 guidance to 1.410-1.480 EPS.

Endava Trading Down 3.8 %

Shares of DAVA opened at $26.62 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 29.58 and a beta of 1.22. Endava has a 12 month low of $24.51 and a 12 month high of $81.06. The stock’s 50 day moving average is $30.58 and its two-hundred day moving average is $30.95.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DAVA shares. Needham & Company LLC cut their price target on shares of Endava from $42.00 to $33.00 and set a buy rating for the company in a report on Friday. Guggenheim decreased their price target on shares of Endava from $55.00 to $45.00 and set a buy rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. boosted their price objective on Endava from $41.00 to $47.00 and gave the stock an overweight rating in a research note on Friday, September 6th. Finally, Susquehanna reduced their target price on Endava from $66.00 to $55.00 and set a positive rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Endava presently has a consensus rating of Moderate Buy and an average price target of $42.31.

About Endava

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.