CGI Q2 2024 Adj EPS $1.46 Misses $1.95 Estimate, Sales $2.775B Miss $3.780B Estimate
Portfolio Pulse from Benzinga Newsdesk
CGI (NYSE:GIB) reported Q2 2024 earnings of $1.46 per share, missing the $1.95 estimate, and sales of $2.775B, below the $3.780B estimate. This represents a 1.00% increase in sales from the same period last year.
May 01, 2024 | 10:34 am
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NEGATIVE IMPACT
CGI reported lower than expected Q2 2024 earnings and sales, missing estimates significantly.
Missing both earnings and sales estimates by significant margins is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term. The fact that sales have increased slightly YOY may not be enough to offset the negative impact of the miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100