CGI Group (TSE:GIB) Issues Earnings Results, Misses Expectations By $0.12 EPS

Posted by Jeanne O'Marion on Nov 8th, 2024

CGI Group (TSE:GIB – Get Free Report) posted its earnings results on Wednesday. The company reported C$1.92 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.04 by C($0.12), reports. The business had revenue of C$3.66 billion during the quarter, compared to analyst estimates of C$3.63 billion.

CGI Group Stock Performance

CGI Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 20th.

Wall Street Analysts Forecast Growth

GIB has been the subject of a number of analyst reports. Cibc World Mkts raised shares of CGI Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Sanford C. Bernstein upgraded CGI Group to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, UBS Group raised CGI Group to a “hold” rating in a research report on Friday, July 19th.

View Our Latest Analysis on CGI Group

About CGI Group

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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.