FY2024 EPS Estimates for CGI Group Reduced by Stifel Canada

CGI Group, Inc. (TSE:GIB) – Stifel Canada reduced their FY2024 earnings per share (EPS) estimates for shares of CGI Group in a research note issued on Wednesday, October 30th. Stifel Canada analyst S. Sukumar now anticipates that the company will post earnings of $7.75 per share for the year, down from their previous estimate of $7.81. Stifel Canada also issued estimates for CGI Group’s Q4 2024 earnings at $1.95 EPS.

Other equities analysts have also issued reports about the company. UBS Group upgraded CGI Group to a “hold” rating in a research report on Friday, July 19th. Sanford C. Bernstein upgraded CGI Group to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Cibc World Mkts upgraded CGI Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th.

CGI Group Stock Performance

CGI Group (TSE:GIB) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$1.91 earnings per share for the quarter, missing the consensus estimate of C$1.92 by C($0.01). The business had revenue of C$3.67 billion during the quarter, compared to analysts’ expectations of C$3.69 billion.

CGI Group Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.