Endava(US:DAVA) ZACKSยท2024-09-19 13:56Group 1: Earnings Performance - Endava PLC reported quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.29 per share, and down from $0.71 per share a year ago, representing an earnings surprise of -3.45% [1] - The company posted revenues of $245.3 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.35%, compared to year-ago revenues of $237.56 million [2] - Over the last four quarters, Endava has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Endava shares have lost about 62.9% since the beginning of the year, while the S&P 500 has gained 17.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.38 on revenues of $257.42 million, and for the current fiscal year, it is $1.60 on revenues of $1.06 billion [7] Group 3: Industry Context - The Computers - IT Services industry, to which Endava belongs, is currently in the top 20% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Endava's stock performance [5] - The Zacks Rank for Endava is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]