Endava plc American Depositary Shares (each representing one Class A Ordinary Share)

Endava experienced a significant stock decline of 29.5% after reporting Q1 fiscal 2026 results that missed previous guidance, with sales declining 8.7% year-over-year and management lowering annual performance targets.

Endava reported disappointing Q1 fiscal 2026 results, with revenue of 178 million pounds, down 9% year-over-year, and missed analyst expectations. The stock dropped over 26% due to unexpected client credits and strategic pipeline opportunities not converting to revenue.

Endava reported a disappointing fourth quarter with declining revenue, reduced headcount, and a shrinking client base. The company's stock has dropped significantly, with management attributing challenges to macro economic conditions.

US stock futures traded higher on Wednesday, with the S&P 500 and Nasdaq 100 indices turning positive for the year. Analysts noted a bullish signal in the market, with over 60% of S&P 500 components reaching new 20-day highs, which has historically been followed by strong performance.

US stock futures traded lower on Wednesday, but the S&P 500 and Nasdaq 100 indices turned positive for the year after Tuesday's advance. Analysts noted a bullish signal in the market, with over 60% of S&P 500 components reaching new 20-day highs, which has historically been followed by strong performance.