Analysts Estimate Report : What to Look Out for Endava (NYSE:DAVA)

Earnings results for Endava (NYSE:DAVA)

Endava plc is expected* to report earnings on 11/12/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.2. The reported EPS for the same quarter last year was $0.32.

Endava last announced its earnings data on September 15th, 2020. The reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The company earned $90.50 million during the quarter, compared to the consensus estimate of $86.84 million. Its quarterly revenue was up 18.1% on a year-over-year basis. Endava has generated $0.47 earnings per share over the last year and currently has a price-to-earnings ratio of 145.8. Endava has confirmed that its next quarterly earnings report will be published on Thursday, November 12th, 2020. Endava will be holding an earnings conference call on Thursday, November 12th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Endava (NYSE:DAVA)

7 Wall Street analysts have issued ratings and price targets for Endava in the last 12 months. Their average twelve-month price target is $62.71, predicting that the stock has a possible downside of 8.47%. The high price target for DAVA is $68.00 and the low price target for DAVA is $56.00. There are currently 3 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 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $62.71, Endava has a forecasted downside of 8.5% from its current price of $68.52. Endava has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 grow by 31.18% in the coming year, from $0.93 to $1.22 per share. The P/E ratio of Endava is 145.79, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 20.92. The P/E ratio of Endava is 145.79, 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 71.72. Endava has a PEG Ratio of 2.95. PEG Ratios above 1 indicate that a company could be overvalued. Endava has a P/B Ratio of 12.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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