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May 22, 2026 4:00 PM

Endava Analysts Slash Their Forecasts Following Downbeat Q3 Results

Endava PLC – ADR (NYSE:DAVA) on Thursday reported worse-than-expected third-quarter financial results and cut its FY26 guidance below estimates.

Endava reported quarterly earnings of 7 cents per share which missed the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $240.662 million which missed the analyst consensus estimate of $249.690 million.

Endava cut its FY2026 adjusted EPS guidance from $1.10-$1.18 to $0.61-$0.66 and also lowered sales guidance from $1.008 billion-$1.028 billion to $972.956 million-$978.348 million.

“This has been one of the more challenging periods Endava has faced in recent years. Demand remains uneven across sectors, deal cycles continue to be extended, and clients are scrutinizing technology spending more carefully ...