CGI Inc's recent earnings report showed a slight but notable EPS beat, highlighting its strong operational performance despite a tough economic environment.
On July 29, 2026, CGI Inc (GIB-A.TO) announced its third-quarter earnings for fiscal 2026, reporting an EPS of CAD 2.29, which exceeded analysts' expectations of CAD 2.28 by 0.4%. This marks the fourth consecutive quarter that CGI has surpassed EPS estimates, reflecting the company's solid position in the IT services sector.
Recent earnings trend
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CGI Inc
GIB-A.TO
GIB-A.TO
CGI Inc
WealthAwesomeMarket cap
$21.22B
P/E
12.7x
Div. yield
0.63%
Div. / share
$0.66
52W high
$133.84
52W low
$83.04
1W change
-0.65%
Beta
0.17
Analyst Price Targets
Based on analyst covering GIB-A
Wall Street analysts forecast GIB-A stock price to rise 19.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$120.92
+19.9% Upside
Current Price
C$100.89
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
32.5%
Annualized
90-Day Vol
38.4%
Annualized
Trend (90d)
+34.9%
Annualized drift
90d Mean
C$114.27
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$105.17 | C$94.00 โ C$117.67 |
| 60 trading days | C$109.63 | C$93.53 โ C$128.49 |
| 90 trading days | C$114.27 | C$94.08 โ C$138.81 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-11 | โ | 2.3000 | โ |
| 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% |
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Investor takeaway: CGI's steady earnings growth, fueled by strategic investments in AI and a solid backlog of contracts, suggests a positive outlook for investors. However, there are potential risks from government budget pressures and delays in decision-making in key markets.
CGI Reports 9.0% Year-over-Year EPS Growth
The reported EPS of CAD 2.29 not only beat estimates but also represents a 9.0% increase compared to the same quarter last year, indicating a healthy upward trend in profitability.
Bull case
The ongoing demand for AI-enabled services and CGI's established relationships with government entities position the company for continued growth. With a substantial backlog of CAD 31.79 billion, CGI is well-placed to convert this into future revenue, reinforcing its long-term investment narrative.
Bear case
Investors should be cautious about potential slowdowns in government spending and decision-making processes, which could affect CGI's revenue growth. Additionally, the company's reliance on public sector contracts raises concerns about vulnerability to budget cuts.
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