Does Earnings Surprise History Hold Any Clue for Endava (NYSE:DAVA)

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Earnings results for Endava (NYSE:DAVA)

Endava plc is expected* to report earnings on 09/15/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.09. The reported EPS for the same quarter last year was $0.26.

Analyst Opinion on Endava (NYSE:DAVA)

8 Wall Street analysts have issued ratings and price targets for Endava in the last 12 months. Their average twelve-month price target is $53.71, predicting that the stock has a possible downside of 2.66%. The high price target for DAVA is $60.00 and the low price target for DAVA is $43.00. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Endava has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $53.71, Endava has a forecasted downside of 2.7% from its current price of $55.18. Endava has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Endava (NYSE:DAVA)

Endava does not currently pay a dividend. Endava does not have a long track record of dividend growth.

Insiders buying/selling: Endava (NYSE:DAVA)

In the past three months, Endava insiders have not sold or bought any company stock. 36.87% of the stock of Endava is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Endava (NYSE:DAVA

Earnings for Endava are expected to decrease by -5.49% in the coming year, from $0.91 to $0.86 per share. The P/E ratio of Endava is 106.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.85. The P/E ratio of Endava is 106.12, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 61.43. Endava has a PEG Ratio of 3.10. PEG Ratios above 1 indicate that a company could be overvalued. Endava has a P/B Ratio of 13.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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