CGI Inc reports results for the quarter ended December 31 - Earnings Summary

CGI

29/01/2025 14:31

* CGI Inc  GIBa.TO  reported quarterly adjusted earnings of
C$1.97​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of C$1.83.  The mean expectation of twelve analysts for the
quarter was for earnings of C$1.97 per share. Wall Street
expected results to range from C$1.91  to C$2.00 per share.
    * Revenue rose 5.1% to C$3.79 billion from a year ago;
analysts
expected C$3.78 billion. 
    * CGI Inc's reported EPS for the quarter was C$1.92​.
    * The company reported quarterly net income of C$438.6
million.
    * CGI Inc shares had risen by 4.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for CGI Inc is
C$177.50 
This summary was machine generated from LSEG data January 29 at
02:31 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.97           1.97           Met
 Sep. 30 2024      1.91           1.92           Beat
 Jun. 30 2024      1.91           1.91           Met
 Mar. 31 2024      1.95           1.97           Beat