Endava (NYSE:DAVA) Issues Q1 2025 Earnings Guidance

Endava (NYSE:DAVA) updated its first quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.260-0.280 for the period, compared to the consensus EPS 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 Stock Performance

DAVA stock opened at $28.94 on Thursday. The business has a 50-day simple moving average of $30.71 and a two-hundred day simple moving average of $31.09. The company has a market capitalization of $1.67 billion, a P/E ratio of 32.16 and a beta of 1.22. Endava has a 52-week low of $24.51 and a 52-week high of $81.06.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Needham & Company LLC lowered their price target on Endava from $50.00 to $42.00 and set a buy rating for the company in a research report on Friday, May 24th. Redburn Atlantic initiated coverage on shares of Endava in a report on Friday, May 24th. They issued a neutral rating and a $33.10 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Endava from $41.00 to $47.00 and gave the stock an overweight rating in a report on Friday, September 6th. Guggenheim decreased their price objective on shares of Endava from $55.00 to $45.00 and set a buy rating for the company in a research note on Monday. Finally, Wedbush dropped their target price on shares of Endava from $65.00 to $50.00 and set an outperform rating on the stock in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $46.01.

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.