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 Aktie
5,90 €
0,85 %
Positive Einschätzungen für Endava plc ADR ADR überwiegen: Mehrere Buy-, keine Sell-Einschätzungen.
Bei einem Kursziel von 19 € ergibt sich ein Potenzial von 222.03%, was mehr als eine Verdopplung des aktuellen Kurses von 5.9 € für Endava plc ADR ADR bedeuten würde.
