Endava Expects Q2 Constant Currency Revenue Decrease Of 8.5%-8.0%, Adjusted EPS Of £0.28-£0.29
Portfolio Pulse from Benzinga Newsdesk
Endava announced an expected decrease in Q2 constant currency revenue of 8.5%-8.0% and an adjusted EPS of £0.28-£0.29.
November 15, 2023 | 12:24 pm
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NEGATIVE IMPACT
Endava expects a Q2 constant currency revenue decrease of 8.5%-8.0% and an adjusted EPS of £0.28-£0.29, indicating a potential negative impact on its stock price.
The expected decrease in revenue is a negative indicator for company performance and could lead to bearish investor sentiment in the short term. The provided EPS range offers some insight into profitability, but the revenue decline is likely to weigh more heavily on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100