Brokerages Anticipate CGI (GIB) Will Post Earnings of $0.83 Per Share

Share on StockTwits

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.

Several equities analysts recently issued reports on GIB shares. Scotiabank downgraded CGI from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, July 17th. Desjardins downgraded CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Zacks Investment Research downgraded CGI from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Finally, Barclays upped their target price on CGI from $64.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $72.25.

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.

Recommended Story: Stop Order Uses For 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

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.