From Morningstar: 2025-05-15 08:55:00

Endava’s third-quarter results and fourth-quarter guidance for fiscal 2025 missed FactSet consensus, leading to a 27% drop in shares. The company cut revenue guidance for the second time, facing challenges with pipeline conversion and currency headwinds. Market reaction was harsh compared to peer EPAM Systems’ positive results. Analysts have cut fair value estimate to $35.50 due to low expectations for improvement.

Fourth-quarter guidance projects revenue of GBP 186 million-GBP 188 million and EPS of GBP 0.22-GBP 0.24. Fiscal 2025 guidance expects revenue of GBP 771.5 million-GBP 773.5 million and EPS of GBP 1.11-GBP 1.13. Analysts do not own shares in mentioned securities and have lowered near and midterm estimates for Endava. Market sentiment reflects low expectations for the company’s future performance.



Read more at Morningstar: Endava Earnings: Recovery Still Elusive; Cutting…