FY2025 Earnings Forecast for CGI Group Issued By Scotiabank

CGI Group, Inc. (TSE:GIB) – Scotiabank increased their FY2025 earnings estimates for shares of CGI Group in a note issued to investors on Wednesday, January 8th. Scotiabank analyst D. Goyal now forecasts that the company will earn $8.33 per share for the year, up from their prior forecast of $8.21. Scotiabank also issued estimates for CGI Group’s FY2026 earnings at $8.81 EPS.

Separately, Cibc World Mkts raised CGI Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th.

CGI Group Price Performance

CGI Group (TSE:GIB) last released its earnings results on Wednesday, November 6th. The company reported C$1.92 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.04 by C($0.12). The firm had revenue of C$3.66 billion for the quarter, compared to analysts’ expectations of C$3.63 billion.

CGI Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, November 20th.

About CGI Group

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.