Endava ADRs Dive 38% on Declining 2Q Revenue, Outlook [MarketWatch]
Endava plc American Depositary Shares (each representing one Class A Ordinary Share) (DAVA)
Last endava plc american depositary shares (each representing one class a ordinary share) earnings: 2/13 07:14 am
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Source: MarketWatch
ADRs are down about 50% over the last 12 months. Advertisement The technology services provider's revenue in the second quarter declined nearly 11% to 183.6 million British pounds ($232.5 million), slightly below analysts' estimates of 184.5 million British pounds. Endava's revenue outlook for the third-quarter and fiscal 2024, both expected to decline from a year earlier, also came up short of estimates by analysts polled by FactSet. "The uncertain economic environment continues to impact near-term client decision making," said Chief Executive John Cotterell. "We now have numerous projects where discovery work has been done, but clients are hesitating on when to commit to sizeable spend needed to build production-ready systems." Write to Denny Jacob at denny.jacob@wsj.com
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DAVA
News
- Endava plc (NYSE: DAVA) had its price target lowered by analysts at JPMorgan Chase & Co. from $49.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
- Endava plc (NYSE: DAVA) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $45.00 price target on the stock.MarketBeat
- Endava Creates Agentic AI Industry Accelerator For Highly Regulated Industries [Yahoo! Finance]Yahoo! Finance
- Endava Creates Agentic AI Industry Accelerator For Highly Regulated IndustriesBusiness Wire
- Endava plc (NYSE: DAVA) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $40.00 price target on the stock.MarketBeat
DAVA
Earnings
- 2/29/24 - Beat
DAVA
Sec Filings
- 4/24/24 - Form 144
- 4/10/24 - Form SC
- 4/9/24 - Form SC
- DAVA's page on the SEC website