Top Wall Street Forecasters Revamp Endava Expectations Ahead Of Q1 Earnings

Core Insights - Endava plc (NYSE:DAVA) is set to release its first-quarter earnings results on November 11, with analysts expecting earnings of 18 cents per share, a decrease from 25 cents per share in the same period last year [1] - The consensus estimate for Endava's quarterly revenue is $182.08 million, down from $195.05 million a year earlier [1] - On September 4, Endava reported better-than-expected fourth-quarter earnings [1] Stock Performance - Endava's shares rose by 1.4% to close at $9.43 on Monday [2] Analyst Ratings - Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and reduced the price target from $17 to $11 [7] - Needham analyst Mayank Tandon maintained a Buy rating but cut the price target from $20 to $12 [7] - Susquehanna analyst James Friedman maintained a Positive rating and lowered the price target from $50 to $42 [7]