CGI Inc. continues to perform well, recently reporting another earnings beat that highlights its resilience in the competitive IT services market.
On July 29, 2026, CGI Inc. (GIB-A.TO) announced its third-quarter fiscal 2026 results, showing a diluted earnings per share (EPS) of CAD 2.29, slightly above analysts' expectations of CAD 2.28. This marks the fourth consecutive quarter the company has exceeded EPS estimates, indicating a steady increase in profitability.
Recent earnings trend
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CGI Inc
GIB-A.TO
GIB-A.TO
CGI Inc
WealthAwesomeMarket cap
$21.25B
P/E
12.7x
Div. yield
0.64%
Div. / share
$0.66
52W high
$134.18
52W low
$83.17
1W change
+4.12%
Beta
0.17
Analyst Price Targets
Based on analyst covering GIB-A
Wall Street analysts forecast GIB-A stock price to rise 15.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$120.77
+15.2% Upside
Current Price
C$104.86
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
36.9%
Annualized
90-Day Vol
39.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$125.36
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$111.29 | C$97.97 – C$126.42 |
| 60 trading days | C$118.12 | C$98.64 – C$141.44 |
| 90 trading days | C$125.36 | C$100.53 – C$156.32 |
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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-11 | — | 2.3000 | — |
| 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 strong performance is backed by a solid revenue growth of 2.5% year-over-year and strategic investments in AI, positioning the company for future success. However, investors should stay alert to potential risks related to government budget constraints and delays in decision-making.
22.5% Year-over-Year EPS Growth
CGI's EPS increased from CAD 1.82 in Q3 2025 to CAD 2.29 in Q3 2026, reflecting strong demand for its services as businesses increasingly focus on digital transformation.
Bull case
The company boasts a robust backlog of CAD 31.8 billion and emphasizes AI-driven solutions, laying a solid groundwork for ongoing revenue growth. CGI's established relationships in the public sector, especially its collaboration with the City of Munich, enhance its competitive edge.
Bear case
Despite the positive results, CGI faces challenges from slower decision cycles in large government contracts and possible budget pressures. Additionally, organic growth has been modest, suggesting that future earnings could be influenced by broader economic conditions.
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