CGI Inc's latest earnings report shows a strong performance, exceeding expectations and highlighting its focus on AI and public sector contracts.
On July 29, 2026, CGI Inc (GIB-A.TO) announced its third-quarter earnings for fiscal 2026, reporting an earnings per share (EPS) of CAD 2.29, just above the consensus estimate of CAD 2.28. This is the fourth consecutive quarter that CGI has surpassed EPS expectations, indicating solid operational performance despite changing market conditions.
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
$134.40
52W low
$83.17
1W change
+4.61%
Beta
0.17
Analyst Price Targets
Based on analyst covering GIB-A
Wall Street analysts forecast GIB-A stock price to rise 17.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$120.77
+17.7% Upside
Current Price
C$102.61
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
37.6%
Annualized
90-Day Vol
39.7%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$122.67
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$108.90 | C$95.67 – C$123.97 |
| 60 trading days | C$115.58 | C$96.23 – C$138.83 |
| 90 trading days | C$122.67 | C$98.01 – C$153.54 |
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: Investors should pay attention to CGI's impressive track record of EPS growth and its strategic investments in AI and public sector services, which are likely to boost future revenue. However, the company faces challenges from potential government budget pressures and delays in decision-making in some markets.
CGI Reports Q3 2026 EPS of CAD 2.29, Beating Estimates by 0.4%
The company's diluted EPS rose by 22.5% year-over-year, underscoring its strong financial performance and operational efficiency.
Bull case
CGI's substantial backlog of CAD 31.79 billion and its strategic focus on high-demand AI services position it well for continued growth. The company's consistent EPS beats reflect operational strength and effective management, making it an attractive choice for growth-focused investors.
Bear case
However, there are risks to consider, including reliance on government contracts, which could face budget cuts or delays in decision-making, especially in the European market. Additionally, any slowdown in discretionary spending could negatively impact CGI's growth prospects.
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