Endava Analysts Slash Their Forecasts Following Q1 Results

Benzinga11-13

Endava plc (NYSE:DAVA) posted mixed results for the first quarter on Tuesday.

The company posted adjusted earnings of 20 cents per share, beating market estimates of 8 cents per share. The company's quarterly sales came in at $240.314 million versus expectations of $245.910 million.

Endava said it sees second-quarter adjusted earnings of 20 cents to 23 cents per share on sales of $241.410 million to $245.456 million.

“The first quarter results were lower than guided primarily due to an unexpected credit made to a client that arose subsequent to our last earnings call as well as certain non large strategic pipeline opportunities that did not convert into revenue during the quarter as anticipated. While these factors weighed on our performance, our ability to secure a multi-year strategic relationship with a leading payments company of up to $100 million demonstrates the strength of our client relationships,” said John Cotterell, Endava’s CEO.

Endava shares gained 2.2% to trade at $7.10 on Wednesday.

These analysts made changes to their price targets on Endava following earnings announcement.

Needham analyst Mayank Tandon maintained Endava with a Buy and lowered the price target from $12 to $9.
Guggenheim analyst Jonathan Lee maintained the stock with a Buy and lowered the price target from $18 to $15.
JP Morgan analyst Puneet Jain maintained Endava with a Neutral and lowered the price target from $13 to $10.

Considering buying DAVA stock? Here’s what analysts think:

Read This Next:

Top 2 Consumer Stocks That Are Ticking Portfolio Bombs

Photo via Shutterstock

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The company's quarterly sales came in at $240.314 million versus expectations of $245.910 million.</p>\n<p>Endava said it sees second-quarter adjusted earnings of 20 cents to 23 cents per share on sales of $241.410 million to $245.456 million.</p>\n<p>“The first quarter results were lower than guided primarily due to an unexpected credit made to a client that arose subsequent to our last earnings call as well as certain non large strategic pipeline opportunities that did not convert into revenue during the quarter as anticipated. 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Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"605\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/12120831/image-271-1024x605.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/12120831/image-271-1024x605.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/12120831/image-271-300x177.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/12120831/image-271-768x454.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/12120831/image-271.png 1113w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Top 2 Consumer Stocks That Are Ticking Portfolio Bombs</strong></li>\n</ul>\n<p>Photo via Shutterstock</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0648005311.SGD","symbol_name":"Natixis DNCA Emerging Europe Equity RA SGD","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/25/11/48811179/endava-analysts-slash-their-forecasts-following-q1-results","article_id":"2583306189","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583306189","pubTimestamp":1762967385,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0648005311.SGD":"Natixis DNCA Emerging Europe Equity RA SGD","LU0084288595.USD":"法储银新兴欧洲基金RA","BK4134":"信息科技咨询与其它服务","DAVA":"Endava Ltd"},"translate_title":"Endava分析师在第一季度业绩公布后大幅下调预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAVA":1},"content_text":"Endava plc (NYSE:DAVA) posted mixed results for the first quarter on Tuesday.\nThe company posted adjusted earnings of 20 cents per share, beating market estimates of 8 cents per share. The company's quarterly sales came in at $240.314 million versus expectations of $245.910 million.\nEndava said it sees second-quarter adjusted earnings of 20 cents to 23 cents per share on sales of $241.410 million to $245.456 million.\n“The first quarter results were lower than guided primarily due to an unexpected credit made to a client that arose subsequent to our last earnings call as well as certain non large strategic pipeline opportunities that did not convert into revenue during the quarter as anticipated. While these factors weighed on our performance, our ability to secure a multi-year strategic relationship with a leading payments company of up to $100 million demonstrates the strength of our client relationships,” said John Cotterell, Endava’s CEO.\nEndava shares gained 2.2% to trade at $7.10 on Wednesday.\nThese analysts made changes to their price targets on Endava following earnings announcement.\n\nNeedham analyst Mayank Tandon maintained Endava with a Buy and lowered the price target from $12 to $9.\nGuggenheim analyst Jonathan Lee maintained the stock with a Buy and lowered the price target from $18 to $15.\nJP Morgan analyst Puneet Jain maintained Endava with a Neutral and lowered the price target from $13 to $10.\n\nConsidering buying DAVA stock? Here’s what analysts think: \n\nRead This Next: \n\nTop 2 Consumer Stocks That Are Ticking Portfolio Bombs\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2583306189","isCrawlerRequest":true}