Preview: Endava's Earnings
Portfolio Pulse from Benzinga Insights
Endava (NYSE:DAVA) is scheduled to release its quarterly earnings report on Wednesday, 2023-11-15, with analysts expecting an EPS of $0.42. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Endava's stock price has shown mixed reactions to earnings reports, with a 3.11% drop after beating EPS last quarter. Shares are currently trading at $53.41, down 26.92% over the last year. The company's past earnings performance and stock trend may influence investor expectations.
November 14, 2023 | 4:00 pm
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NEUTRAL IMPACT
Endava is expected to report an EPS of $0.42 for the upcoming earnings, with a focus on guidance for future quarters. The stock has experienced a 26.92% decline over the past year and showed a 3.11% drop after beating EPS last quarter.
The expected EPS of $0.42 sets a benchmark for Endava's performance. Historical data shows that even when Endava beat EPS estimates, the stock price can react negatively. The 26.92% annual decline in stock price may temper expectations, but positive guidance could counteract this trend. The score is neutral (0) due to the mixed historical price reactions post-earnings, despite the high relevance and importance of the earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100