Endava PLC Sponsored ADR (DAVA) Beats Q2 Earnings and Revenue Estimates

Core Viewpoint - Endava PLC reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of$ 0.32 per share, and showing a slight increase from $0.37 per share a year ago, indicating an earnings surprise of 18.75% [1][2] Financial Performance - The company achieved revenues of$ 250.63 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.66% and up from $227.96 million year-over-year [2] - Over the last four quarters, Endava has exceeded consensus EPS estimates three times and topped revenue estimates two times [2] Stock Performance and Outlook - Endava shares have declined approximately 1.3% since the beginning of the year, while the S&P 500 has gained 4.5% [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.38 on revenues of $256.16 million, and for the current fiscal year, it is$ 1.45 on revenues of $1.02 billion [7] Industry Context - The Computers - IT Services industry, to which Endava belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]