Equities analysts expect Endava PLC – (NYSE:DAVA) to report $95.04 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Endava’s earnings, with the lowest sales estimate coming in at $94.99 million and the highest estimate coming in at $95.08 million. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 23rd.
On average, analysts expect that Endava will report full year sales of $376.66 million for the current financial year, with estimates ranging from $373.83 million to $378.70 million. For the next year, analysts expect that the business will report sales of $461.04 million, with estimates ranging from $456.75 million to $463.79 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Endava.
Endava (NYSE:DAVA) last announced its quarterly earnings data on Thursday, February 28th. The company reported $0.26 EPS 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 upgraded shares of Endava from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $29.00.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Endava during the third quarter worth $14,213,000. Capital World Investors acquired a new position in shares of Endava in the third quarter valued at $20,555,000. Pendal Group Ltd increased its holdings in shares of Endava by 27.8% in the fourth quarter. Pendal Group Ltd now owns 14,710 shares of the company’s stock valued at $357,000 after purchasing an additional 3,197 shares during the last quarter. FMR LLC acquired a new position in shares of Endava in the third quarter valued at $23,755,000. Finally, Citadel Advisors LLC acquired a new position in shares of Endava in the third quarter valued at $917,000. Institutional investors and hedge funds own 12.51% of the company’s stock.
Shares of DAVA stock traded up $2.10 during trading on Tuesday, reaching $30.00. The company’s stock had a trading volume of 2,028,158 shares, compared to its average volume of 161,037. The firm has a market cap of $1.59 billion and a PE ratio of 42.25. Endava has a one year low of $21.13 and a one year high of $32.22.
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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