CGI Inc reports results for the quarter ended in March - Earnings Summary

CGI

01/05/2024 14:32

* CGI Inc  GIBa.TO  reported quarterly adjusted earnings of
C$1.97​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
C$1.82.  The mean expectation of eleven analysts for the quarter
was for earnings of C$1.95 per share. Wall Street expected
results to range from C$1.89  to C$2.03 per share.
    * Revenue rose 0.7% to C$3.74 billion from a year ago;
analysts
expected C$3.78 billion. 
    * CGI Inc's reported EPS for the quarter was C$1.83​.
    * The company reported quarterly net income of $426.87
million.
    * CGI Inc shares had fallen by 6.7% this quarter and
lost 1.7% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for CGI Inc is
C$167.00 

This summary was machine generated from LSEG data May 1 at 01:31
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
 Mar. 31 2024      1.95           1.97           Beat
 Dec. 31 2023      1.82           1.83           Beat
 Sep. 30 2023      1.77           1.79           Beat
 Jun. 30 2023      1.79           1.80           Beat