Endava (NYSE:DAVA) Issues 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.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Redburn Atlantic initiated coverage on shares of Endava in a report on Friday, May 24th. They set a neutral rating and a $33.10 price objective on the stock. Needham & Company LLC dropped their price target on shares of Endava from $50.00 to $42.00 and set a buy rating on the stock in a research note on Friday, May 24th. TD Cowen reduced their price objective on shares of Endava from $46.00 to $42.00 and set a buy rating for the company in a research note on Friday, May 24th. JPMorgan Chase & Co. boosted their target price on shares of Endava from $41.00 to $47.00 and gave the company an overweight rating in a report on Friday, September 6th. Finally, Guggenheim cut their price target on Endava from $55.00 to $45.00 and set a buy rating for the company in a report on Monday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Endava presently has a consensus rating of Moderate Buy and a consensus target price of $46.01.

Endava Price Performance

DAVA opened at $28.94 on Thursday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 32.16 and a beta of 1.22. Endava has a one year low of $24.51 and a one year high of $81.06. The company has a fifty day moving average price of $30.71 and a 200-day moving average price of $31.09.

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.