National Bank Financial Weighs in on CGI Group, Inc.’s Q4 2023 Earnings (TSE:GIB)

CGI Group, Inc. (TSE:GIB) – Investment analysts at National Bank Financial cut their Q4 2023 earnings per share (EPS) estimates for shares of CGI Group in a research note issued on Wednesday, October 25th. National Bank Financial analyst R. Tse now anticipates that the company will post earnings of $1.75 per share for the quarter, down from their previous estimate of $1.77.

GIB has been the subject of a number of other reports. BMO Capital Markets reduced their price objective on shares of CGI Group from C$156.00 to C$147.00 in a research note on Thursday, July 27th. Desjardins cut their price target on shares of CGI Group from C$155.00 to C$154.00 in a research note on Thursday, July 27th.

CGI Group Price Performance

CGI Group (TSE:GIB) last announced its earnings results on Wednesday, July 26th. The company reported C$1.80 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.78 by C$0.02. The company had revenue of C$3.62 billion during the quarter, compared to analyst estimates of C$3.64 billion.