Endava PLC Sponsored ADR (DAVA - Free Report) shares rallied 3.1% in the last trading session to close at $138.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.1% loss over the past four weeks.
The upswing in Endava’s share price can be attributed to its growing expertise in fintech domain, ongoing digital transformation by enterprises, accretive acquisitions and improving economic environment.
Acquisitions like Pet Minuta, Five Minutes Studio and Levvel are expected to have driven top-line in the fourth quarter of fiscal 2021.
Price and Consensus
This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +72.4%. Revenues are expected to be $185.69 million, up 65.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Endava PLC Sponsored ADR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DAVA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
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Endava PLC Sponsored ADR (DAVA - Free Report) shares rallied 3.1% in the last trading session to close at $138.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.1% loss over the past four weeks.
The upswing in Endava’s share price can be attributed to its growing expertise in fintech domain, ongoing digital transformation by enterprises, accretive acquisitions and improving economic environment.
Acquisitions like Pet Minuta, Five Minutes Studio and Levvel are expected to have driven top-line in the fourth quarter of fiscal 2021.
Price and Consensus
This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +72.4%. Revenues are expected to be $185.69 million, up 65.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Endava PLC Sponsored ADR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DAVA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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