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CGI Group Inc. (GIB-A.TO)

Toronto - Toronto Real-time price. Currency in CAD
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104.81+0.30 (+0.29%)
At close: 04:00PM EDT
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  • G
    GeorgianBayGuy
    Another very solid quarter. These guys are like clockwork…

    CGI Books Higher Fiscal Q2 EPS Year Over Year, Beats Analyst Estimates
    2022-04-27 07:06:50 AM
    CGI Inc. (GIB-A.TO), an IT and business consulting firm, reported Wednesday a diluted EPS of $1.53 for its fiscal second quarter, rising year over year from $1.34.
    Analysts polled by Capital IQ expected CGI's EPS at $1.51.
    Revenue increased to $3.27 billion from $3.08 billion, beating analyst estimates of $3.19 billion.
    CGI posted bookings of $3.32 billion, representing a book-to-bill ratio of 101.4% or 108.7% on a trailing 12-month basis.
    As of March 31, the company said its backlog stood at $23.14 billion or 1.9x annual revenue.
    "In the second quarter of fiscal 2022, we delivered on our profitable growth plan with double-digit increases year-over-year in both revenue and EPS," President and CEO George Schindler said.
  • e
    edman
    Very annoying leaky boat movement in the share price. Why would it pop 2.5% with no news? If there is an announcement in the next few days then for sure some people have an unfair trading advantage.
  • D
    Dan
    The market seems to have cooled on this stock. With the exception of Logica, their “buy and build strategy” seems to add a lot of employees (82,000 now) and very little to their revenue. They also continue to refuse to institute even a small dividend which I think hurts the stock value. Comments?
  • D
    Daniel
    Buyers are back...
  • G
    GeorgianBayGuy
    Sub $100 looks like a good place to add some more. Another 150 shares this morning. Will continue to buy if price weakens further. Solid long-term play here that is currently selling at a bargain. IMHO

    -GBG
  • S
    Stephen
    This is a good company, with a good valuation in a good industry. Love it
  • L
    LuckyMillionaire
    Beats expectations! I hope to see the stock price increase a bit today. This company is undervalued.
  • e
    edman
    When CGI puts out something like the Puerto Rico article what they are not saying is that they are deeply rooted in the success in the form of a percentage of the savings, improved scale or operation. This aligns them with there customer's goals. I should say that they are typically vested. For me when an announcement does not mention a specific figure I assume that is the nature of the deal.

    Also good to see these guys closing deals around the world. Even some of the larger SI and Consultancies don't have the same level of global reach. This is particularly important as some developing regions will drive at a fast growth rate.
  • L
    LuckyMillionaire
    Good result! They are also planning to buy back about 10% shares. Thats a lot
  • G
    GeorgianBayGuy
    Another solid quarter. These guys are like clockwork.

    CGI Posts Q4 Earnings and Revenues Beat
    2021-11-10 06:54:10 AM ET (MT Newswires)

    Independent IT and business consulting services firms CGI (GIB-A.TO, GIB), trading near 52 week highs, reported Wednesday Q4 adjusted earnings of C$1.40 ($1.13) per diluted share, up from C$1.22 a year earlier. Analysts polled by Capital IQ forecast adjusted EPS of C$1.35.

    Revenue for the quarter ended Sept. 30 was C$3.01 billion, up from C$2.93 billion a year earlier. The consensus estimate was C$2.97 billion.

    "CGI ended fiscal 2021 in a strong position, with accelerating revenue growth and a robust book of business and balance sheet," said President and Chief Executive Officer, George Schindler. "Looking to the year ahead, we will accelerate our investments in the talent and capabilities necessary to expand our services and global footprint in support of clients' evolving digital transformations."
  • O
    Onsite
    on sale!
  • T
    Thomas
    HAS. been hard to rebuy on the dip from near its highs. tried 3 times and not reliable. good company. that I want to own but may still be too expensive
  • G
    GeorgianBayGuy
    Multiple analysts have upgraded their target price into the $130s. Next week’s earnings report will be strong and should produce a nice step-up in the SP.
  • A
    Anonymous
    $GIB $GIB.A.CA
    Target Raised by BMO Capital Markets Outperform USD 107 » USD 115
    Target Raised by Canaccord Genuity Buy USD 105 » USD 112
    Target Raised by RBC Capital Outperform USD 110 » USD 115
    Target Raised by TD Securities Buy USD 110 » USD 120
    Target Raised by Sbank Outperform USD 102 » USD 106
  • e
    edman
    Do people not read news? Two very positive stories from a company that does not push the media hard. Anyway, can see them making some real headway in the coming months.
  • D
    David
    The stock price has dropped a lot, is it a good time to get in at this price for the long term? 85.36?
  • J
    Joe
    Great opportunity to buy. Digital transformation will lead this stock higher for many years to come.
  • W
    Will
    Blue skies, here we go, slowly climbing towards $120.
  • B
    Butter
    It's in a down channel. might be able to pick it up in mid to high 90s in the near term if it continues
  • e
    edman
    Historically this stock has had a PE of 23 ~ 27. So at these prices it is US$15 below the norm. Further some great earnings which usually take some time to take effect. Anyway, up to you I am buy and any one who is willing to sell (short or no) at 85 I am happy to do business with you.

    If this goes back to the normal range of PE for this sector or stock we are looking at US$100~115.