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
€7.90
1.910%
Endava plc ADR ADR is currently one of the favorites of our community with 14 Buy predictions and no Sell predictions.
With a target price of 34 € there is potential for a 330.38% increase which would mean more than doubling the current price of 7.9 € for Endava plc ADR ADR.
