Endava Likely To Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Endava plc (NYSE:DAVA) is expected to report lower Q4 earnings at 56 cents per share, down from 61 cents per share a year ago. The company's revenue might be $233.43 million, up from $217.44 million in the year-ago period. Endava shares fell 2.3% to close at $51.00 on Monday. Analysts from Morgan Stanley, Deutsche Bank, Citigroup, and Wedbush have recently adjusted their price targets for the company.
September 19, 2023 | 6:45 am
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Endava's Q4 earnings are expected to be lower than last year's, which could negatively impact the stock. However, the company's revenue is expected to increase. Analysts have recently adjusted their price targets for the company.
The expected decrease in Endava's Q4 earnings could negatively impact the stock. However, the expected increase in revenue could offset this. The recent adjustments in price targets by analysts also indicate changing expectations for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100