CGI Group Earnings: Everything You Must Know Now

CGI Group, Inc. (NYSE:GIB) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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CGI Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 40% to $0.56 in the quarter versus EPS of $0.40 in the year-earlier quarter.

Revenue: Rose 136.67% to $2.53 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CGI Group, Inc. reported adjusted EPS income of $0.56 per share. By that measure, the company beat the mean analyst estimate of $0.50. It missed the average revenue estimate of $2.56 billion.

Quoting Management: “I am very pleased with our overall performance and with the excellent progress we have achieved in restructuring and transforming our European and Asia Pacific operations,” said Michael E. Roach, President and Chief Executive Officer. “Working closely with our clients and our professionals we are seeing the business benefits of implementing our operating model as we trend to the upper end of our fiscal 2013 EPS accretion commitment of 25 to 30 percent before integration costs. We continue to identify and action opportunities to bring incremental value to our stakeholders.”

Key Stats (on next page)…

Revenue decreased 0.78% from $2.55 billion in the previous quarter. EPS increased 27.27% from $0.44 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.54 to a profit $0.55. For the current year, the average estimate is a profit of $2.04, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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