Endava: Trends Moving in Wrong Direction
Here's our initial take on 's (NYSE: DAVA) financial report.
We are now 18 months removed from British IT consulting firm Endava seeing its shares lose half their value following a disappointing earnings report, and the recovery still looks like a long-term project.
Endava beat watered-down earnings-per-share expectations in its fiscal fourth quarter, which ended June 30, but revenue declined 4% year over year. Other key metrics show no sign of growth on the horizon. Endava's headcount fell by 5% from a year ago. Headcount is a useful measure with consulting firms because they adjust hiring based on anticipated future workload.
Source Fool.com
Endava plc ADR ADR Stock
€5.50
0.000%
With 12 Buy predictions and not the single Sell prediction the community is currently very high on Endava plc ADR ADR.
Based on the current price of 5.5 € the target price of 21 € shows a potential of 281.82% for Endava plc ADR ADR which would more than double the current price.
