Equities analysts expect CGI (NYSE:GIB) (TSE:GIB.A) to report $0.83 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for CGI’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.86. CGI reported earnings of $0.74 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The business is expected to issue its next earnings report on Wednesday, November 14th.
On average, analysts expect that CGI will report full year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.18 to $3.25. For the next year, analysts expect that the firm will post earnings of $3.53 per share, with EPS estimates ranging from $3.42 to $3.66. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow CGI.
CGI (NYSE:GIB) (TSE:GIB.A) last released its earnings results on Wednesday, August 1st. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.24. CGI had a return on equity of 18.06% and a net margin of 9.33%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm earned $0.93 EPS. The firm’s revenue was up 3.7% on a year-over-year basis.
NYSE GIB opened at $66.27 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.99. CGI has a 1 year low of $50.73 and a 1 year high of $66.53. The firm has a market capitalization of $18.60 billion, a P/E ratio of 20.77, a PEG ratio of 2.28 and a beta of 0.55.
A number of institutional investors and hedge funds have recently made changes to their positions in GIB. Tower Research Capital LLC TRC acquired a new stake in CGI during the 2nd quarter worth about $124,000. Daiwa SB Investments Ltd. acquired a new stake in CGI during the 2nd quarter worth about $206,000. WCM Investment Management CA acquired a new stake in CGI during the 2nd quarter worth about $212,000. AE Wealth Management LLC acquired a new stake in CGI during the 2nd quarter worth about $268,000. Finally, Dean Capital Investments Management LLC acquired a new stake in CGI during the 2nd quarter worth about $397,000. 59.40% of the stock is currently owned by institutional investors.
CGI Company Profile
CGI Group Inc provides information technology and business process services in Canada and internationally. It offers application development and maintenance, portfolio management, quality assurance and testing, modernization, and migration services; agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business consulting services; business-to-business and customer operations support, purchase management, revenue management, and supplier payment services; and data center facilities and management, technical service desk, printing and document management, remote infrastructure, transformation, storage as a service, data vaulting, disaster recovery and archiving as a service, bottomless edge-to-core storage, and file sync and share as a service, as well as infrastructure solutions and consulting services.
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