Endava Second Quarter 2024 Earnings: EPS Misses Expectations
Endava (NYSE:DAVA) Second Quarter 2024 Results
Key Financial Results
Revenue: UK£183.6m (down 11% from 2Q 2023).
Net income: UK£8.35m (down 44% from 2Q 2023).
Profit margin: 4.5% (down from 7.3% in 2Q 2023). The decrease in margin was driven by lower revenue.
EPS: UK£0.14 (down from UK£0.26 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Endava EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 41% from a week ago.
Risk Analysis
Be aware that Endava is showing 2 warning signs in our investment analysis that you should know about...
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