CGI Inc reports results for the quarter ended December 31 - Earnings Summary

• CGI Inc GIBa.TO reported quarterly adjusted earnings of C$1.97​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of C$1.83. The mean expectation of twelve analysts for the quarter was for earnings of C$1.97 per share. Wall Street expected results to range from C$1.91 to C$2.00 per share.

• Revenue rose 5.1% to C$3.79 billion from a year ago; analysts expected C$3.78 billion.

• CGI Inc's reported EPS for the quarter was C$1.92​.

• The company reported quarterly net income of C$438.6 million.

• CGI Inc shares had risen by 4.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for CGI Inc is C$177.50

This summary was machine generated from LSEG data January 29 at 02:31 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)