Endava (DAVA) Tops Q4 EPS by 12p
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Citi Positive on Endava PLC (ADR) (DAVA) Following Stock Strength: 'we do conceptually believe in a mid-to-late-CY24 spending recovery'
September 19, 2023 4:47 PM EDTCiti analyst Ashwin Shirvaikar reiterated a Buy rating and $63.00 price target on Endava PLC (ADR) (NYSE: DAVA).
The analyst comments "
Following its FY23 report (and FY24 outlook), investors bought into Endavas conservative outlook / green shoots language DAVA stock was up ~10%+ intraday. While the fiscal 2H24... More
Endava (DAVA) tops Q4 estimates but outlook disappoints
September 19, 2023 9:56 AM EDTEndava (NYSE: DAVA) shares dropped at the open before retracing after it reported earnings for the fourth quarter.
Despite the initial fall, Endava's EPS of GBP0.57 was GBP0.12 better than the analyst estimate of GBP0.45, while revenue for the quarter came in at GBP189.8 million, up 5.2% YoY and above the consensus estimate of GBP188.53 million.
DAVA shares are currently up... More
