Endava (NYSE:DAVA) Issues FY 2026 Earnings Guidance

Endava (NYSE:DAVA) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.100-1.180 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $968.4 million. Endava also updated its Q3 2026 guidance to 0.250-0.290 EPS.

Endava Stock Performance

Shares of DAVA stock opened at $4.95 on Friday. The firm has a market cap of $277.96 million, a price-to-earnings ratio of -44.95 and a beta of 1.26. Endava has a 52-week low of $4.84 and a 52-week high of $29.03. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $6.26 and its 200 day moving average is $8.35.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Endava from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday. Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Wall Street Zen raised shares of Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Needham & Company LLC cut their price objective on shares of Endava from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Morgan Stanley reduced their price objective on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.71.

Key Endava News

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Q2 results showed upside: Endava reported EPS of $0.22 (beat consensus) and revenue of $247.6M, with press commentary highlighting the company’s AI pivot as a growth driver. This delivered an upbeat market reaction after the print. Endava shares surge as Q2 earnings beat amid AI pivot
• Positive Sentiment: Management issued materially stronger guidance: Q3 EPS and FY2026 EPS and revenue ranges were revised well above Street estimates, signaling accelerating revenue and a clear push into AI-related services — a catalyst for longer‑term re-rating if execution continues. Press release: Q2 FY2026 results
• Neutral Sentiment: Analyst update from Needham: Needham trimmed its price target from $9 to $7 but kept a Buy rating — a mixed signal (lower target but continued conviction). This tempers enthusiasm but preserves upside in some broker models. Benzinga
• Negative Sentiment: JPMorgan cut its price target (from $10 to $9) and set a Neutral rating, which reduces near‑term institutional enthusiasm and likely contributed to downward pressure on the stock. Tickerreport
• Negative Sentiment: Profitability and technicals remain concerns: Endava’s net margin (≈1.34%) and ROE are modest, and the shares are near their 1‑year low with the 50‑ and 200‑day moving averages well above the current price — factors that can limit multiple expansion despite revenue/guidance beats. MarketBeat DAVA profile

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. purchased a new stake in shares of Endava during the second quarter valued at $198,000. Geode Capital Management LLC purchased a new position in Endava in the 2nd quarter worth $205,000. Jane Street Group LLC lifted its position in Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after acquiring an additional 1,482 shares during the period. Advisory Services Network LLC lifted its position in Endava by 1,101.8% during the 4th quarter. Advisory Services Network LLC now owns 36,704 shares of the company’s stock worth $232,000 after acquiring an additional 33,650 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Endava during the 4th quarter valued at about $250,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.