Does Earnings Surprise History Hold Any Clue for CGI (NYSE:GIB)

0
210

Earnings results for CGI (NYSE:GIB)

CGI Inc. is expected* to report earnings on 11/11/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.89. The reported EPS for the same quarter last year was $0.92.

Analyst Opinion on CGI (NYSE:GIB)

10 Wall Street analysts have issued ratings and price targets for CGI in the last 12 months. Their average twelve-month price target is $99.73, predicting that the stock has a possible upside of 45.10%. The high price target for GIB is $114.00 and the low price target for GIB is $79.75. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

CGI has received a consensus rating of Buy. The company’s average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $99.73, CGI has a forecasted upside of 45.1% from its current price of $68.73. CGI has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: CGI (NYSE:GIB)

CGI does not currently pay a dividend. CGI does not have a long track record of dividend growth.

Insiders buying/selling: CGI (NYSE:GIB)

In the past three months, CGI insiders have not sold or bought any company stock. Only 9.90% of the stock of CGI is held by insiders. 52.32% of the stock of CGI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of CGI (NYSE:GIB

Earnings for CGI are expected to grow by 12.26% in the coming year, from $3.67 to $4.12 per share. The P/E ratio of CGI is 20.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.87. The P/E ratio of CGI is 20.76, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 70.59. CGI has a PEG Ratio of 2.06. PEG Ratios above 1 indicate that a company could be overvalued. CGI has a P/B Ratio of 3.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

More latest stories: here