CGI Future Growth

Future criteria checks 1/6

CGI is forecast to grow earnings and revenue by 7.4% and 4.2% per annum respectively. EPS is expected to grow by 9.3% per annum. Return on equity is forecast to be 18.4% in 3 years.

Key information

7.4%

Earnings growth rate

9.3%

EPS growth rate

IT earnings growth	16.4%
Revenue growth rate	4.2%
Future return on equity	18.4%
Analyst coverage	Good
Last updated	03 May 2024

Recent future growth updates

No updates

Recent updates

CGI Looks Fully Valued Here, But M&A Opportunities May Be Attractive

Apr 23

CGI: Charting The Future Of Digital Transformation With Superior Profitability And Greater Resilience

Nov 03

CGI acquires HMB's professional services division to expand its footprint in Columbus

Jan 06

CGI Group Q4 2020 Earnings Preview

Nov 10

Earnings and Revenue Growth Forecasts

NYSE:GIB - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2026	15,856	1,990	2,076	2,483	4
9/30/2025	15,308	1,860	1,984	2,383	14
9/30/2024	14,682	1,717	1,846	2,241	13
3/31/2024	14,475	1,646	1,721	2,117	N/A
12/31/2023	14,449	1,639	1,683	2,084	N/A
9/30/2023	14,296	1,631	1,703	2,112	N/A
6/30/2023	14,036	1,579	1,567	1,972	N/A
3/31/2023	13,671	1,529	1,577	1,982	N/A
12/31/2022	13,225	1,481	1,599	1,986	N/A
9/30/2022	12,867	1,466	1,487	1,865	N/A
6/30/2022	12,627	1,450	1,552	1,903	N/A
3/31/2022	12,390	1,424	1,569	1,903	N/A
12/31/2021	12,200	1,393	1,674	2,003	N/A
9/30/2021	12,127	1,369	1,815	2,116	N/A
6/30/2021	12,045	1,275	1,776	2,081	N/A
3/31/2021	12,076	1,197	1,947	2,247	N/A
12/31/2020	12,129	1,171	1,766	2,071	N/A
9/30/2020	12,164	1,118	1,623	1,939	N/A
6/30/2020	12,198	1,190	1,536	1,852	N/A
3/31/2020	12,265	1,238	1,321	1,642	N/A
12/31/2019	12,202	1,242	1,393	1,708	N/A
9/30/2019	12,111	1,263	1,306	1,634	N/A
6/30/2019	11,951	1,233	1,242	1,569	N/A
3/31/2019	11,772	1,212	1,184	1,511	N/A
12/31/2018	11,654	1,168	1,139	1,475	N/A
9/30/2018	11,507	1,141	1,167	1,493	N/A
6/30/2018	11,316	1,056	1,184	1,505	N/A
3/31/2018	11,212	1,045	1,165	1,478	N/A
12/31/2017	10,986	1,045	N/A	1,419	N/A
9/30/2017	10,845	1,035	N/A	1,359	N/A
6/30/2017	10,819	1,101	N/A	1,408	N/A
3/31/2017	10,650	1,098	N/A	1,469	N/A
12/31/2016	10,675	1,107	N/A	1,355	N/A
9/30/2016	10,683	1,069	N/A	1,333	N/A
6/30/2016	10,686	1,027	N/A	1,383	N/A
3/31/2016	10,578	1,011	N/A	1,245	N/A
12/31/2015	10,430	979	N/A	1,278	N/A
9/30/2015	10,287	978	N/A	1,289	N/A
6/30/2015	10,185	958	N/A	1,250	N/A
3/31/2015	10,293	926	N/A	1,382	N/A
12/31/2014	10,396	906	N/A	1,448	N/A
9/30/2014	10,500	859	N/A	1,175	N/A
6/30/2014	10,474	787	N/A	929	N/A
3/31/2014	10,374	740	N/A	717	N/A
12/31/2013	10,196	623	N/A	513	N/A
9/30/2013	10,085	456	N/A	671	N/A
6/30/2013	9,236	147	N/A	614	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GIB's forecast earnings growth (7.4% per year) is above the savings rate (2.4%).

Earnings vs Market: GIB's earnings (7.4% per year) are forecast to grow slower than the US market (14.1% per year).

High Growth Earnings: GIB's earnings are forecast to grow, but not significantly.

Revenue vs Market: GIB's revenue (4.2% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: GIB's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GIB's Return on Equity is forecast to be low in 3 years time (18.4%).

CGI Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

CGI Inc. to Report Q2, 2024 Results on May 01, 2024

CGI Looks Fully Valued Here, But M&A Opportunities May Be Attractive

Now 20% undervalued

CGI Inc. Elects Jacynthe Côté as Director

First quarter 2024 earnings: Revenues in line with analyst expectations

CGI Inc. to Report Q1, 2024 Results on Jan 31, 2024

Now 20% undervalued

CGI's Machine Vision Solution Delivers A Powerful Source of IoT Business Intelligence by Leveraging Artificial Intelligence

Now 21% undervalued

CGI Inc., Annual General Meeting, Jan 31, 2024

Full year 2023 earnings released: EPS: CA$6.97 (vs CA$6.13 in FY 2022)

CGI: Charting The Future Of Digital Transformation With Superior Profitability And Greater Resilience

CGI Inc. to Report Q4, 2023 Results on Nov 08, 2023

CGI Inc. (TSX:GIB.A) acquired Momentum Consulting Corporation.

CGI Inc.: I Like The Business But Not The Valuation

CGI Inc. Announces the Availability of CGI All Payments

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

CGI Inc.: Proving Why It's A Solid Long-Term Position

Insider recently sold US$81k worth of stock

CGI Inc. Appoints Sophie Brochu to its Board of Directors, Effective September 2023

Insider recently sold US$71k worth of stock

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Key Executive recently sold US$245k worth of stock

Insider recently sold US$541k worth of stock

First quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

CGI and Laurentian Bank of Canada extend business partnership

CGI Inc. to Report Q1, 2023 Results on Feb 01, 2023

CGI adds RISE with SAP to portfolio of services in Canada

Insider recently sold US$112k worth of stock

CGI Faces Headwinds But Will Continue M&A Efforts

Insider recently sold US$167k worth of stock

CGI Announces CGI Credit Studio™, A Cloud-Native Platform That Transforms Credit Operations and the Customer Experience for Lenders

CGI Inc., Annual General Meeting, Feb 01, 2023

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

CGI Group FQ4 2022 Earnings Preview

CGI Inc. to Report Q4, 2022 Results on Nov 09, 2022

CGI Inc.: Good Business At An Attractive Price

CGI, Aktia form ~€50M partnership

CGI, UiPath announce enhanced managed services partnership

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

CGI Group Q3 2022 Earnings Preview

CGI Inc. to Report Q3, 2022 Results on Jul 27, 2022

Now 21% undervalued

Now 20% undervalued after recent price drop

CGI Inc. Announces CFO Changes

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

CGI Inc. to Report Q2, 2022 Results on Apr 27, 2022

Insider recently sold US$424k worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations

CGI Inc.: Investor Day Outlines The Path To A Narrowing Valuation Gap

Independent Director recently bought US$424k worth of stock

President of Global IP Solutions recently sold US$215k worth of stock

Full year 2021 earnings released

Third quarter 2021 earnings released: EPS CA$1.38 (vs CA$1.01 in 3Q 2020)

Independent Director recently sold US$1.3m worth of stock

Second quarter 2021 earnings released

CGI Inc. (TSX:GIB.A) signed an agreement to acquire Sense Corp, Inc.

CGI Group Q2 2021 Earnings Preview

Bavarian State Ministry of Justice Selects CGI to Drive Digitization and Innovation

Commonwealth of Virginia Awards Long-Term Contract to CGI for Transformation of eVA Procurement System

European Space Agency Selects CGI to Develop Services Combining Artificial Intelligence and Earth Observation for Wildfire Mapping

CGI and OP Financial Group Expand Partnership to Include Digital Services for Insurance

CGI Announces the Launch of the CGI Oncue360 Solution for the State of Michigan

CGI Announces Signing of A Renewed Ten-Year Contract for Application Development, Operations and Support Services with CAE

CGI Inc. and FashionCube Agree on a 10-Year Partnership for Managed IT Services, Including IT Transformation

Independent Director has left the company

CGI Inc. Announces the Renewal of a Contract with Highmark Health

New 90-day high: US$80.66

First quarter 2021 earnings released: EPS CA$1.34 (vs CA$1.08 in 1Q 2020)

Earnings beat expectations, revenue disappoints

Cgi Refreshes Its Brand to Reinforce How It Helps Clients Harness Technology to Create Value for Their Customers

Vantage Bank Texas Selects CGI for Payments System Modernization