Analysts forecast that CGI Group Inc (NYSE:GIB) (TSE:GIB.A) will post $2.17 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for CGI Group’s earnings, with the highest sales estimate coming in at $2.22 billion and the lowest estimate coming in at $2.13 billion. CGI Group posted sales of $2.00 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The company is scheduled to report its next earnings results on Wednesday, February 7th.
According to Zacks, analysts expect that CGI Group will report full year sales of $2.17 billion for the current year, with estimates ranging from $8.81 billion to $9.03 billion. For the next year, analysts expect that the company will report sales of $9.20 billion per share, with estimates ranging from $9.11 billion to $9.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow CGI Group.
GIB has been the topic of several analyst reports. Zacks Investment Research raised CGI Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, October 4th. Scotiabank lifted their target price on CGI Group from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective (up previously from $75.00) on shares of CGI Group in a research report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. CGI Group presently has a consensus rating of “Buy” and a consensus target price of $68.75.
CGI Group (GIB) opened at $53.37 on Wednesday. The stock has a market capitalization of $13,641.91, a P/E ratio of 19.22, a P/E/G ratio of 1.89 and a beta of 0.87. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.29. CGI Group has a 1 year low of $45.81 and a 1 year high of $54.64.
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.
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