Recap: Endava Q2 Earnings

Endava DAVA reported its Q2 earnings results on Wednesday, February 16, 2022 at 07:20 AM.

Here's what investors need to know about the announcement.

Endava reported earnings of $0.62 per share.

Revenue was up $73.57 million from the same period last year.

Last quarter the company beat on EPS by $0.11, which was followed by a 0.52% drop in the share price the next day.

Here's a look at Endava's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.57		27.56	26.13
EPS Actual	0.68	0.57	0.47	0.38
Revenue Estimate	196.12M	180.50M	155.35M	143.71M
Revenue Actual	203.31M	186.72M	154.85M	138.94M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Endava management provided guidance for their next quarter, expecting earnings between $0.56 and $0.59 per share for the next quarter.

This represents a -7.26% in quarter-over-quarter growth for Endava, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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