CGI Inc. (TSE:GIB.A) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Revenues of CA$16b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at CA$7.35, missing estimates by 2.5%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. Readers will be glad to know we’ve aggregated the latest statutory forecasts to see whether the analysts have changed their mind on CGI after the latest results.
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Taking into account the latest results, the consensus forecast from CGI’s 13 analysts is for revenues of CA$16.7b in 2026. This reflects a satisfactory 5.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 16% to CA$8.86. Yet prior to the latest earnings, the analysts had been anticipated revenues of CA$16.7b and earnings per share (EPS) of CA$8.77 in 2026. So it’s pretty clear that, although the analysts have updated their estimates, there’s been no major change in expectations for the business following the latest results.
View our latest analysis for CGI
It will come as no surprise then, to learn that the consensus price target is largely unchanged at CA$157. That’s not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on CGI, with the most bullish analyst valuing it at CA$185 and the most bearish at CA$137 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of CGI’shistorical trends, as the 5.1% annualised revenue growth to the end of 2026 is roughly in line with the 6.0% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 12% annually. So it’s pretty clear that CGI is expected to grow slower than similar companies in the same industry.