By Dean Seal
Endava's American depository receipts slumped to an all-time low after guidance for the fiscal year ahead fell short of analyst estimates.
The stock was down 30% at $10.05 in the afternoon session. Shares are now down 68% since the start of the year and at their lowest level since coming on the market in 2018.
The London-based technology services company said it expects 750 million to 765 million British pounds ($1.01 billion to $1.03 billion) of revenue for fiscal 2026, which started July 1. Analysts polled by FactSet had been forecasting GBP766 million.
Adjusted earnings for the full year are expected to be GBP0.82 to GBP0.94 a share, Endava said. Analysts had been targeting GBP1.12 a share, according to FactSet.
Endava's projections for the first quarter missed analyst estimates as well.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
September 04, 2025 15:29 ET (19:29 GMT)
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