Zacks: Analysts Expect CGI Inc (NYSE:GIB) Will Announce Earnings of $0.92 Per Share
Brokerages predict that CGI Inc (NYSE:GIB) (TSE:GIB.A) will announce $0.92 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for CGI’s earnings, with estimates ranging from $0.90 to $0.97. CGI reported earnings of $0.84 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The company is expected to issue its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that CGI will report full year earnings of $3.55 per share for the current fiscal year, with EPS estimates ranging from $3.51 to $3.63. For the next year, analysts expect that the firm will post earnings of $3.88 per share, with EPS estimates ranging from $3.77 to $4.13. Zacks’ EPS calculations are an average based on a survey of analysts that cover CGI.
CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.06 billion. CGI had a return on equity of 18.34% and a net margin of 10.29%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 EPS.
NYSE GIB opened at $76.23 on Tuesday. The firm has a market cap of $20.90 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.16 and a quick ratio of 0.82. CGI has a twelve month low of $57.35 and a twelve month high of $76.49.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new stake in CGI in the 1st quarter valued at about $3,129,000. Marshall Wace LLP acquired a new stake in CGI in the 1st quarter valued at about $110,000. Jane Street Group LLC acquired a new stake in CGI in the 1st quarter valued at about $690,000. BlueCrest Capital Management Ltd raised its position in CGI by 79.8% in the 1st quarter. BlueCrest Capital Management Ltd now owns 17,629 shares of the technology company’s stock valued at $1,212,000 after purchasing an additional 7,825 shares in the last quarter. Finally, Morgan Stanley raised its position in CGI by 34.6% in the 1st quarter. Morgan Stanley now owns 303,023 shares of the technology company’s stock valued at $20,836,000 after purchasing an additional 77,955 shares in the last quarter. 56.85% of the stock is currently owned by hedge funds and other institutional investors.
CGI Company Profile
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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