Endava (NYSE:DAVA) Updates FY 2026 Earnings Guidance

Endava (NYSE:DAVA) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.610-0.660 for the period, compared to the consensus earnings per share estimate of 0.790. The company issued revenue guidance of $973.0 million-$978.3 million, compared to the consensus revenue estimate of $996.7 million. Endava also updated its Q4 2026 guidance to 0.120-0.180 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Endava in a research note on Tuesday, April 7th. Wall Street Zen raised Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Guggenheim cut their target price on Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. JPMorgan Chase & Co. cut their target price on Endava from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, TD Cowen cut their target price on Endava from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.50.

Endava Stock Performance

Shares of DAVA stock opened at $4.03 on Thursday. Endava has a 1-year low of $3.61 and a 1-year high of $17.36. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $226.30 million, a price-to-earnings ratio of -36.60 and a beta of 1.11. The stock’s fifty day simple moving average is $4.40 and its 200-day simple moving average is $5.68.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). Endava had a negative net margin of 0.51% and a positive return on equity of 5.16%. The business had revenue of $236.44 million for the quarter, compared to analysts’ expectations of $242.79 million. Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. On average, sell-side analysts predict that Endava will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Endava by 38.1% in the fourth quarter. Geode Capital Management LLC now owns 30,936 shares of the company’s stock valued at $196,000 after purchasing an additional 8,530 shares in the last quarter. Jain Global LLC purchased a new position in Endava in the third quarter valued at about $154,000. Brevan Howard Capital Management LP purchased a new position in Endava in the third quarter valued at about $138,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Endava in the third quarter valued at about $99,000. Finally, Vident Advisory LLC purchased a new position in Endava in the second quarter valued at about $160,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.