Analysts Estimate Report : What to Look Out for CGI (NYSE:GIB)

Earnings results for CGI (NYSE:GIB)

CGI Inc. is expected* to report earnings on 04/28/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.03. The reported EPS for the same quarter last year was $0.94.

CGI last announced its earnings results on January 26th, 2021. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. The firm earned $3.02 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Its revenue for the quarter was down 1.2% compared to the same quarter last year. CGI has generated $3.63 earnings per share over the last year and currently has a price-to-earnings ratio of 27.2. CGI has confirmed that its next quarterly earnings report will be published on Wednesday, April 28th, 2021.

Analyst Opinion on CGI (NYSE:GIB)

13 Wall Street analysts have issued ratings and price targets for CGI in the last 12 months. Their average twelve-month price target is $108.28, predicting that the stock has a possible upside of 27.40%. The high price target for GIB is $120.00 and the low price target for GIB is $89.00. There are currently 4 hold ratings and 9 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 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $108.28, CGI has a forecasted upside of 27.4% from its current price of $84.99. CGI has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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. 51.30% 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 9.90% in the coming year, from $4.04 to $4.44 per share. The P/E ratio of CGI is 27.15, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.36. The P/E ratio of CGI is 27.15, 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 70.02. CGI has a PEG Ratio of 2.33. PEG Ratios above 1 indicate that a company could be overvalued. CGI has a P/B Ratio of 4.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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