Why Endava Shares Are Slipping Today
Portfolio Pulse from Anusuya Lahiri
Endava Plc (DAVA) reported Q4 FY23 revenue growth of 5.2% YoY to $237.52 million, beating the consensus of $233.43 million. Adjusted EPS was $0.71, also beating the consensus of $0.56. However, the company's Q1 FY24 revenue and adjusted EPS outlook is lower than consensus estimates, which led to a premarket drop in share price by 11.68%.
September 19, 2023 | 1:21 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Endava's Q4 FY23 results beat estimates, but its Q1 FY24 outlook is lower than expected, leading to a drop in share price.
Endava's Q4 FY23 results exceeded expectations, which is generally positive for the stock. However, the company's Q1 FY24 outlook is lower than consensus estimates, which is a negative signal for investors and likely led to the premarket drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100