Wall Street analysts predict that Endava PLC – (NYSE:DAVA) will report $96.91 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Endava’s earnings, with the highest sales estimate coming in at $97.50 million and the lowest estimate coming in at $96.02 million. Endava posted sales of $8.37 million during the same quarter last year, which suggests a positive year over year growth rate of 1,057.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, October 10th.

According to Zacks, analysts expect that Endava will report full year sales of $369.02 million for the current financial year, with estimates ranging from $363.51 million to $372.20 million. For the next year, analysts expect that the company will post sales of $446.03 million, with estimates ranging from $441.28 million to $452.28 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Endava.

Endava (NYSE:DAVA) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Endava had a net margin of 9.59% and a return on equity of 30.34%. The company had revenue of $73.06 million for the quarter, compared to analysts’ expectations of $71.82 million. During the same period last year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was up 24.7% compared to the same quarter last year.

A number of analysts have recently weighed in on DAVA shares. KeyCorp cut their price target on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Finally, Morgan Stanley dropped their price objective on shares of Pure Storage from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 22nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.32.

DAVA traded down $0.94 on Wednesday, reaching $38.05. The company had a trading volume of 51,387 shares, compared to its average volume of 93,155. Endava has a fifty-two week low of $21.13 and a fifty-two week high of $43.93. The firm has a market cap of $2.12 billion and a PE ratio of 53.59. The firm’s fifty day simple moving average is $38.85.

A number of institutional investors and hedge funds have recently made changes to their positions in DAVA. MYDA Advisors LLC bought a new stake in shares of Endava during the first quarter worth $1,430,000. Wasatch Advisors Inc. lifted its holdings in Endava by 46.0% in the first quarter. Wasatch Advisors Inc. now owns 162,129 shares of the company’s stock valued at $4,459,000 after acquiring an additional 51,077 shares during the period. Marshall Wace LLP lifted its holdings in Endava by 52.6% in the first quarter. Marshall Wace LLP now owns 45,007 shares of the company’s stock valued at $1,238,000 after acquiring an additional 15,519 shares during the period. Davy Asset Management Ltd purchased a new stake in shares of Endava in the second quarter valued at approximately $618,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Endava during the first quarter worth approximately $162,000. 13.74% of the stock is owned by institutional investors and hedge funds.

About Endava

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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Earnings History and Estimates for Endava (NYSE:DAVA)

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