Q3 2017 Earnings Forecast for CGI Group, Inc. Issued By National Bank Financial (GIB)

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Research analysts at National Bank Financial lifted their Q3 2017 earnings per share estimates for CGI Group in a research note issued on Wednesday. National Bank Financial analyst R. Tse now anticipates that the technology company will post earnings per share of $0.74 for the quarter, up from their previous estimate of $0.68. National Bank Financial also issued estimates for CGI Group’s Q4 2017 earnings at $0.77 EPS, FY2017 earnings at $2.96 EPS and FY2018 earnings at $3.16 EPS.

GIB has been the subject of a number of other research reports. Beacon Securities reaffirmed a “buy” rating on shares of CGI Group in a research report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Finally, BidaskClub raised shares of CGI Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $57.60.

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Shares of CGI Group (GIB) opened at 52.81 on Monday. The company has a 50 day moving average of $51.50 and a 200 day moving average of $48.92. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 18.68 and a beta of 0.92. CGI Group has a 1-year low of $45.73 and a 1-year high of $53.65.

CGI Group (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.01. CGI Group had a net margin of 10.31% and a return on equity of 17.38%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of CGI Group by 2.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the technology company’s stock worth $106,000 after buying an additional 52 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of CGI Group during the first quarter worth approximately $173,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of CGI Group during the second quarter worth approximately $202,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of CGI Group during the first quarter worth approximately $205,000. Finally, HighTower Advisors LLC purchased a new stake in shares of CGI Group during the first quarter worth approximately $289,000. Hedge funds and other institutional investors own 63.06% of the company’s stock.

CGI Group Company Profile

CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.

Earnings History and Estimates for CGI Group (NYSE:GIB)

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