Endava(DAVA) ZACKS·2024-11-12 14:51Core Viewpoint - Endava PLC reported quarterly earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, but down from $0.49 per share a year ago, indicating a 32.7% year-over-year decline in earnings [1][2] Financial Performance - The company posted revenues of $253.71 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2%, and showing a year-over-year increase from $238.57 million [2] - Over the last four quarters, Endava has surpassed consensus EPS estimates two times and topped consensus revenue estimates only once [2] Stock Performance - Endava shares have declined approximately 63.4% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current Zacks Rank for Endava is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.33 on revenues of $263.55 million, and for the current fiscal year, it is $1.50 on revenues of $1.07 billion [7] - The trend of estimate revisions for Endava is mixed, which could change following the recent earnings report [6] Industry Context - The Computers - IT Services industry, to which Endava belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]