FY2024 EPS Estimates for CGI Group Reduced by Stifel Canada

CGI Group, Inc. (TSE:GIB) – Stifel Canada decreased their FY2024 earnings per share (EPS) estimates for shares of CGI Group in a research report issued to clients and investors on Wednesday, October 30th. Stifel Canada analyst S. Sukumar now anticipates that the company will earn $7.75 per share for the year, down from their prior forecast of $7.81. Stifel Canada also issued estimates for CGI Group’s Q4 2024 earnings at $1.95 EPS.

CGI Group (TSE:GIB) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$1.91 earnings per share for the quarter, missing analysts’ consensus estimates 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.

A number of other equities research analysts have also recently issued reports on GIB. Sanford C. Bernstein upgraded CGI Group to a “strong-buy” rating in a research note on Thursday, August 1st. Cibc World Mkts upgraded CGI Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, UBS Group upgraded CGI Group to a “hold” rating in a research note on Friday, July 19th.

CGI Group Stock Performance

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.