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

Posted by Jim Brewer on Nov 9th, 2024

CGI Group (TSE:GIB – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported C$1.92 earnings per share for the quarter, missing the consensus estimate of C$2.04 by C($0.12), reports. The firm had revenue of C$3.66 billion for the quarter, compared to analysts’ expectations of C$3.63 billion.

CGI Group Stock Performance

CGI Group Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on GIB shares. Cibc World Mkts upgraded shares of CGI Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. UBS Group upgraded CGI Group to a “hold” rating in a research report on Friday, July 19th. Finally, Sanford C. Bernstein upgraded CGI Group to a “strong-buy” rating in a research report on Thursday, August 1st.

View Our Latest Report on CGI Group

CGI Group Company Profile

(Get Free Report)

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.