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 (EPS) guidance of 0.260-0.280 for the period, compared to the consensus 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 4.4 %

NYSE DAVA opened at $27.63 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 30.70 and a beta of 1.22. The firm’s fifty day moving average price is $30.67 and its two-hundred day moving average price is $31.07. Endava has a 1 year low of $24.51 and a 1 year high of $81.06.

Analyst Ratings Changes

A number of research firms recently commented on DAVA. TD Cowen reduced their price target on Endava from $46.00 to $42.00 and set a buy rating for the company in a report on Friday, May 24th. Redburn Atlantic began coverage on Endava in a research note on Friday, May 24th. They set a neutral rating and a $33.10 target price for the company. JPMorgan Chase & Co. increased their price target on Endava from $41.00 to $47.00 and gave the company an overweight rating in a research note on Friday, September 6th. Guggenheim reduced their price objective on shares of Endava from $55.00 to $45.00 and set a buy rating for the company in a research report on Monday. Finally, Wedbush dropped their price objective 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $45.11.

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.