Endava (NYSE:DAVA) Updates FY 2026 Earnings Guidance

Endava (NYSE:DAVA) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.100-1.180 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $968.4 million. Endava also updated its Q3 2026 guidance to 0.250-0.290 EPS.

Endava Stock Performance

Endava stock traded down $0.22 during trading on Thursday, hitting $5.01. The stock had a trading volume of 695,116 shares, compared to its average volume of 487,749. Endava has a 1 year low of $4.84 and a 1 year high of $33.29. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $6.33 and its two-hundred day moving average is $8.42. The stock has a market cap of $281.67 million, a price-to-earnings ratio of 25.06 and a beta of 1.26.

Analyst Upgrades and Downgrades

DAVA has been the topic of a number of recent research reports. Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of Endava from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Needham & Company LLC cut their price target on Endava from $12.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Guggenheim decreased their price objective on Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Morgan Stanley cut their target price on Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Endava has an average rating of “Hold” and an average target price of $16.14.

More Endava News

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Management issued materially stronger forward guidance for Q3 and FY2026 (Q3 EPS guide 0.25–0.29; FY EPS guide 1.10–1.18) and raised revenue targets above Street estimates — that outlook is the main bullish driver. Endava Announces Second Quarter Fiscal Year 2026 Results
• Positive Sentiment: Reported revenue came in well above consensus (about $248M vs. lower estimates), supporting the company’s message that demand — particularly around its AI capabilities — is accelerating. Earnings / Press Release
• Positive Sentiment: Endava expanded its partnership with Cognition to scale governed agentic coding — a strategic move that could deepen its AI services pipeline and win larger deals over time. Endava Expands Cognition Partnership
• Neutral Sentiment: Major outlets and the company published the quarter’s slide deck and the full earnings call/transcript — useful for verifying accounting items and management commentary; these materials are available for review. Conference Call / Slide Deck
• Neutral Sentiment: Some headlines framed the news as a share surge on the strength of the AI pivot and guidance, helping explain short-term rallies in certain venues. Yahoo: Shares Surge
• Negative Sentiment: There is confusion over EPS figures: one summary shows an adjusted EPS miss ($0.07 vs. $0.21 consensus) while other outlets report EPS in line with estimates ($0.21). Mixed EPS reporting/adjustments can spook investors and drive volatility. MarketBeat Earnings Summary
• Negative Sentiment: Technicals remain weak: the stock is trading below its 50- and 200-day moving averages and near its 1-year low, which may limit upside until execution visibly improves.

Institutional Investors Weigh In On Endava

A number of institutional investors have recently made changes to their positions in DAVA. Jane Street Group LLC raised its position in Endava by 16.1% in the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after purchasing an additional 1,482 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Endava by 733.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Endava in the third quarter worth about $28,000. State Street Corp increased its stake in Endava by 3.4% in the 4th quarter. State Street Corp now owns 98,936 shares of the company’s stock worth $625,000 after purchasing an additional 3,218 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Endava by 4.8% in the fourth quarter. Millennium Management LLC now owns 95,634 shares of the company’s stock worth $604,000 after buying an additional 4,342 shares during the period. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.