CGI Group, Inc. to Post FY2024 Earnings of $7.81 Per Share, Stifel Canada Forecasts (TSE:GIB)

CGI Group, Inc. (TSE:GIB) – Equities researchers at Stifel Canada cut their FY2024 earnings per share estimates for shares of CGI Group in a research note issued to investors on Wednesday, July 31st. Stifel Canada analyst S. Sukumar now expects that the company will post earnings of $7.81 per share for the year, down from their previous estimate of $7.83.

CGI Group (TSE:GIB) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$1.97 EPS for the quarter, hitting analysts’ consensus estimates of C$1.97. The business had revenue of C$3.74 billion during the quarter, compared to the consensus estimate of C$3.81 billion.

A number of other equities analysts also recently commented on the stock. Sanford C. Bernstein upgraded shares of CGI Group to a “strong-buy” rating in a research note on Thursday. UBS Group upgraded CGI Group to a “hold” rating in a report on Friday, July 19th.

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