Endava plc Just Missed Earnings - But Analysts Have Updated Their Models
Sep 22
Have your own idea? Try our Stock Screener
Markets has moved to Discover
You can now access Markets by navigating to Discover and selecting Markets.
U.S. IT Industry Analysis
UpdatedSep 25, 2024
DataAggregated Company Financials
Companies104
- 7D2.6%
- 3M15.0%
- 1Y21.1%
- YTD2.6%
In the last week, the IT industry is up 2.6%, with Shopify up 7.9%. This means that the industry has gained 21% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the U.S. IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Sep 2024 | US$785.2b | US$233.3b | US$17.5b | 39.6x | 44.9x | 3.4x |
| Fri, 23 Aug 2024 | US$760.6b | US$233.0b | US$17.4b | 33.6x | 43.6x | 3.3x |
| Sun, 21 Jul 2024 | US$739.1b | US$236.9b | US$17.2b | 28.9x | 43.1x | 3.1x |
| Tue, 18 Jun 2024 | US$684.8b | US$237.2b | US$17.3b | 27x | 39.7x | 2.9x |
| Thu, 16 May 2024 | US$711.9b | US$236.9b | US$16.7b | 24.5x | 42.6x | 3x |
| Sat, 13 Apr 2024 | US$752.7b | US$227.8b | US$13.7b | 25x | 54.7x | 3.3x |
| Mon, 11 Mar 2024 | US$812.2b | US$227.8b | US$14.3b | 23.9x | 56.6x | 3.6x |
| Wed, 07 Feb 2024 | US$816.5b | US$227.1b | US$12.9b | 20x | 63.1x | 3.6x |
| Fri, 05 Jan 2024 | US$757.4b | US$229.5b | US$12.8b | 20.2x | 59x | 3.3x |
| Sun, 03 Dec 2023 | US$761.8b | US$228.9b | US$12.7b | 21.2x | 59.8x | 3.3x |
| Tue, 31 Oct 2023 | US$624.2b | US$227.8b | US$11.4b | 18.3x | 54.8x | 2.7x |
| Thu, 28 Sep 2023 | US$662.2b | US$226.6b | US$6.8b | 24.5x | 97.7x | 2.9x |
| Sat, 26 Aug 2023 | US$674.4b | US$226.3b | US$6.6b | 21.2x | 101.9x | 3x |
| Mon, 24 Jul 2023 | US$693.0b | US$228.6b | US$6.2b | 25.5x | 111.7x | 3x |
| Wed, 21 Jun 2023 | US$688.0b | US$228.2b | US$5.9b | 23.9x | 116.3x | 3x |
| Fri, 19 May 2023 | US$640.1b | US$229.7b | US$6.5b | 23x | 99.2x | 2.8x |
| Sun, 16 Apr 2023 | US$588.9b | US$225.6b | US$2.5b | 23.6x | 239.4x | 2.6x |
| Tue, 14 Mar 2023 | US$1.9t | US$463.9b | US$22.4b | 24.7x | 83.1x | 4x |
| Thu, 09 Feb 2023 | US$2.1t | US$459.9b | US$40.5b | 27.1x | 50.6x | 4.5x |
| Sat, 07 Jan 2023 | US$1.9t | US$457.9b | US$39.2b | 28x | 49.5x | 4.2x |
| Mon, 05 Dec 2022 | US$2.0t | US$456.9b | US$39.0b | 29.3x | 51.3x | 4.4x |
| Wed, 02 Nov 2022 | US$1.9t | US$454.0b | US$36.9b | 26.5x | 51.7x | 4.2x |
| Fri, 30 Sep 2022 | US$1.8t | US$449.4b | US$41.7b | 25.4x | 42.7x | 4x |
| Sun, 28 Aug 2022 | US$2.0t | US$446.6b | US$41.6b | 29x | 48.7x | 4.5x |
| Tue, 26 Jul 2022 | US$2.0t | US$442.9b | US$47.6b | 28.3x | 42.4x | 4.6x |
| Thu, 23 Jun 2022 | US$1.9t | US$439.3b | US$46.9b | 27.5x | 40.2x | 4.3x |
| Sat, 21 May 2022 | US$2.0t | US$438.4b | US$45.9b | 27.4x | 42.9x | 4.5x |
| Mon, 18 Apr 2022 | US$2.3t | US$431.1b | US$47.1b | 31.3x | 48.3x | 5.3x |
| Wed, 16 Mar 2022 | US$2.1t | US$425.3b | US$47.2b | 27.6x | 45.1x | 5x |
| Fri, 11 Feb 2022 | US$2.5t | US$420.7b | US$48.1b | 32.1x | 51.5x | 5.9x |
| Sun, 09 Jan 2022 | US$2.6t | US$432.2b | US$48.3b | 36.1x | 54.6x | 6.1x |
| Tue, 07 Dec 2021 | US$2.6t | US$429.3b | US$48.0b | 35.6x | 54.8x | 6.1x |
| Thu, 04 Nov 2021 | US$2.9t | US$406.6b | US$51.2b | 35.8x | 56.1x | 7.1x |
| Sat, 02 Oct 2021 | US$2.9t | US$396.0b | US$46.8b | 34.8x | 61.6x | 7.3x |
Price to Earnings Ratio
61.6x
Current Industry PE
- Investors are pessimistic on the American IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 44.9x which is lower than its 3-year average PE of 67.8x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 28% per year over the last three years,
- Revenues have also declined 16% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | 1.90% | |
| Tech | 2.82% | |
| IT | 2.63% | |
| Internet Services and Infrastructure | 5.30% | |
| IT Consulting | 1.51% | |
| Data Processing Services | 0.20% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 33.7x.
- Analysts are expecting annual earnings growth of 10.2%, which is higher than its past year's earnings decline of 10.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 22% over the next 5 years.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SHOP Shopify | US$80.33 | 7.9% +US$7.6b | 56.0% | PE81.4x | |
| IBM International Business Machines | US$220.97 | 3.2% +US$6.3b | 54.3% | PE24.2x | |
| NET Cloudflare | US$85.50 | 8.1% +US$2.2b | 50.8% | PS19.8x | |
| ACN Accenture | US$339.62 | 0.8% +US$1.6b | 9.3% | PE30.6x | |
| GDS GDS Holdings | US$21.53 | 20.8% +US$719.3m | 108.6% | PS2.8x |
