$0.93 EPS Expected for CGI Inc (NYSE:GIB) This Quarter

Share on StockTwits

Wall Street analysts predict that CGI Inc (NYSE:GIB) (TSE:GIB.A) will report earnings of $0.93 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for CGI’s earnings, with estimates ranging from $0.90 to $0.97. CGI reported earnings per share of $0.84 in the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that CGI will report full year earnings of $3.56 per share for the current financial year, with EPS estimates ranging from $3.52 to $3.63. For the next fiscal year, analysts forecast that the business will report earnings of $3.89 per share, with EPS estimates ranging from $3.77 to $4.13. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow CGI.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28. CGI had a net margin of 10.29% and a return on equity of 18.34%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company posted $1.04 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year.

A number of research firms recently issued reports on GIB. Bank of America began coverage on shares of CGI in a report on Thursday, May 23rd. They set a “buy” rating and a $83.00 price objective for the company. CIBC downgraded shares of CGI from a “sector outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research downgraded shares of CGI from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CGI presently has an average rating of “Buy” and a consensus target price of $80.00.

NYSE GIB traded up $0.65 during trading hours on Tuesday, reaching $77.45. 10,491 shares of the company were exchanged, compared to its average volume of 140,684. CGI has a 1 year low of $57.35 and a 1 year high of $76.86. The firm has a 50 day simple moving average of $73.18. The company has a quick ratio of 0.82, a current ratio of 1.16 and a debt-to-equity ratio of 0.28. The company has a market cap of $21.23 billion, a PE ratio of 24.17, a P/E/G ratio of 2.29 and a beta of 0.53.

Several institutional investors and hedge funds have recently bought and sold shares of GIB. Vanguard Group Inc increased its stake in shares of CGI by 2.5% in the third quarter. Vanguard Group Inc now owns 6,414,435 shares of the technology company’s stock worth $413,603,000 after purchasing an additional 156,379 shares in the last quarter. Cigna Investments Inc. New lifted its holdings in shares of CGI by 6.7% in the 4th quarter. Cigna Investments Inc. New now owns 3,617 shares of the technology company’s stock worth $222,000 after acquiring an additional 227 shares during the last quarter. Henry James International Management Inc. lifted its holdings in shares of CGI by 36.8% in the 4th quarter. Henry James International Management Inc. now owns 69,080 shares of the technology company’s stock worth $4,227,000 after acquiring an additional 18,586 shares during the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of CGI by 7.5% in the 4th quarter. Virginia Retirement Systems ET AL now owns 77,700 shares of the technology company’s stock worth $4,750,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Csenge Advisory Group lifted its holdings in shares of CGI by 39.1% in the 4th quarter. Csenge Advisory Group now owns 3,386 shares of the technology company’s stock worth $207,000 after acquiring an additional 952 shares during the last quarter. Hedge funds and other institutional investors own 56.76% of the company’s stock.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

Featured Story: Conference Calls and Individual Investors

Get a free copy of the Zacks research report on CGI (GIB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CGI (NYSE:GIB)

Receive News & Ratings for CGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Zacks: Brokerages Expect OncoSec Medical Inc  Will Post Earnings of -$1.37 Per Share
Zacks: Brokerages Expect OncoSec Medical Inc Will Post Earnings of -$1.37 Per Share
First Republic Bank  Receives $103.00 Consensus Price Target from Brokerages
First Republic Bank Receives $103.00 Consensus Price Target from Brokerages
Raymond James  Set to Announce Quarterly Earnings on Wednesday
Raymond James Set to Announce Quarterly Earnings on Wednesday
-$0.35 Earnings Per Share Expected for Adaptimmune Therapeutics PLC –  This Quarter
-$0.35 Earnings Per Share Expected for Adaptimmune Therapeutics PLC – This Quarter
American Airlines Group  Set to Announce Earnings on Thursday
American Airlines Group Set to Announce Earnings on Thursday
Scor  Scheduled to Post Earnings on Thursday
Scor Scheduled to Post Earnings on Thursday


© 2006-2019 Ticker Report