Recap: Endava Q1 Earnings
Portfolio Pulse from Benzinga Insights
Endava (NYSE:DAVA) reported Q1 earnings with an EPS of $0.49, surpassing the estimate of $0.42 by 16.67%. Revenue increased by $7.54 million compared to the same period last year. Despite beating EPS estimates last quarter, the share price fell by 3.11% the following day. Historical earnings and revenue figures were also provided for the past four quarters.

November 15, 2023 | 12:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Endava reported a positive Q1 earnings beat with an EPS of $0.49 against an estimate of $0.42, and a year-over-year revenue increase of $7.54 million.
Endava's positive earnings report, with a significant beat on EPS estimates and increased revenue, is likely to be viewed favorably by investors. Historically, a beat on earnings estimates can lead to a positive short-term price movement. However, it's worth noting that despite a beat last quarter, the share price dropped the next day, which suggests that market expectations and other factors could temper the stock's reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100