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Endava PLC Sponsored ADR Surpasses Q3 Earnings and Revenue Estimates

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Endava PLC (NYSE: DAVA) Sponsored ADR came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 21.74%. A quarter ago, it was expected that this company would post earnings of $0.37 per share when it actually produced earnings of $0.37, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Endava, which belongs to the Zacks Computers – IT Services industry, posted revenues of $221.14 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $247.28 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Endava shares have …

Full story available on Benzinga.com

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