Endava Expects Q1 Revenues £186.0M-£187.0M Vs $244.21M Est, Adj EPS £0.34-£0.35 Vs $0.61 Est, FY24 Revenue £780.0M-£795.0M Vs $1.04B Est, Adj EPS £1.52-£1.62 Vs $2.72 Est
Portfolio Pulse from Benzinga Newsdesk
Endava (DAVA) has provided its Q1 and FY24 guidance. For Q1, the company expects revenues between £186.0M-£187.0M and adjusted EPS of £0.34-£0.35, representing a constant currency revenue decline of 1.0%-2.0%. For FY24, Endava anticipates revenues of £780.0M-£795.0M and adjusted EPS of £1.52-£1.62, indicating a constant currency growth of 1.0%-3.0%. These estimates are based on the exchange rates as of August 31, 2023.
September 19, 2023 | 11:25 am
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Endava's Q1 and FY24 guidance indicates a decline in Q1 revenues but growth in FY24. The company's projected earnings are lower than the market estimates, which could potentially impact the stock negatively in the short term.
Endava's projected revenues and earnings for Q1 and FY24 are lower than the market estimates. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100