Analysts and investors will be looking forward to the next earnings release from CGI Group, Inc. (NYSE:GIB) which is scheduled to be on or around 2016-11-09 for the period ending 2016-09-30. Covering sell-side analysts have a current quarter earnings per share estimate of $0.69. In the same quarter last year, the company posted EPS of $0.63.
When a company releases earnings information, the results have the possibility of causing short-term stock movements whether the company misses or beats projections. Prior to the company’s earnings report, investors may be tracking directional trends of provided estimates. The company most recently reported a previous quarter earnings per share of $0.69. The Zacks Research consensus before the earnings release was $0.7.
The gap between the estimate and actual was $-0.01 which created a surprise factor of -1.43%. The current mean price target on the stock is $53.192 which includes 9 analysts that were polled by Zacks Research. The high end target price has shares touching $68 and the low end target estimate has the stock moving to $47 within the year. Zacks Research also uses a numerical ratings scale that spans from 1 to 5. Using this rating scale, a 1 would represent a Strong Buy, and a 5 rating would represent a Strong Sell rating. Combining all the ratings on CGI Group, Inc. (NYSE:GIB), the current mean is sitting at 1.8.
Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.
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