CGI Inc's latest earnings report shows strong performance, once again exceeding expectations as the company leverages its strategic investments in AI and public sector contracts.
On July 29, 2026, CGI Inc (GIB-A.TO) reported its third-quarter earnings for fiscal 2026, revealing a diluted earnings per share (EPS) of CAD 2.29, just above the consensus estimate of CAD 2.28. This marks the fourth consecutive quarter where CGI has surpassed EPS estimates, highlighting its solid financial performance in a changing technology landscape.
Recent earnings trend
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CGI Inc
GIB-A.TO
GIB-A.TO
CGI Inc
WealthAwesomeMarket cap
$21.74B
P/E
13.7x
52W high
$134.40
52W low
$83.17
1W change
+14.26%
Beta
0.17
Analyst Price Targets
Based on analyst covering GIB-A
Wall Street analysts forecast GIB-A stock price to rise 14.3% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$117.31
+14.3% Upside
Current Price
C$102.67
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on GIB-A's historical volatility
30-Day Vol
44.0%
Annualized
90-Day Vol
39.8%
Annualized
Trend (90d)
+49.2%
Annualized drift
90d Mean
C$122.41
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$108.87 | C$93.53 – C$126.73 |
| 60 trading days | C$115.44 | C$93.13 – C$143.10 |
| 90 trading days | C$122.41 | C$94.10 – C$159.25 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 11 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-29 | 2.2900 | 2.2800 | +0.4% |
| 2026-03-31 | 2026-04-29 | 2.2700 | 2.2600 | +0.4% |
| 2025-12-31 | 2026-01-28 | 2.1200 | 2.1100 | +0.5% |
| 2025-09-30 | 2025-11-05 | 2.1300 | 2.0900 | +1.9% |
| 2025-06-30 | 2025-07-30 | 2.1000 | 2.0800 | +1.0% |
| 2025-03-31 | 2025-04-30 | 2.1200 | 2.1300 | -0.5% |
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Investor takeaway: CGI's steady earnings growth, fueled by its focus on AI and public sector contracts, positions it well for future expansion. Investors should consider this positive momentum alongside potential risks from government budget pressures and delays in decision-making.
Bull case
CGI's EPS of CAD 2.29 reflects a 9% increase year-over-year, showcasing its effective management and strategic focus on high-demand areas like AI and digital transformation. The company's strong backlog of CAD 31.79 billion and its commitment to client engagement enhance its competitive edge and provide a solid foundation for sustainable growth.
Bear case
Despite the positive earnings report, there are risks to consider. Slower decision-making in government contracts and a dependence on public sector budgets could hinder future growth, especially if economic conditions shift.
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