Canada's Fiera Capital Q1 revenue falls 5.9%, misses estimates

Fiera Capital

08/05/2026 12:40

Overview

Canada asset manager's Q1 revenue fell 5.9% yr/yr, missing analyst expectations

Adjusted EPS and net income declined yr/yr on lower revenues and higher tax expense

Company repurchased C$3.2 mln in shares during the quarter

Outlook

Company says market losses in March have reversed in Q2 to-date

Fiera Capital expects continued momentum in its Private Markets platform

Company says public markets volatility underscores value of portfolio diversification strategies

Result Drivers

REVENUE DECLINE - Lower performance fees, reduced base management fees from public markets, and lower commitment and transaction fees drove revenue down yr/yr and qtr/qtr

AUM DECREASE - AUM fell mainly due to negative market impact, outflows from public markets, and the wind down of the Canadian Equity Small Cap Core Strategy

Company press release: ID:nCNWr5PKza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
C$153.31 mln
C$164.25 mln (4 Analysts)
Q1 EPS
C$0.38
Q1 Adjusted Net Income
C$23.53 mln
Q1 Net Income
C$2.83 mln
Q1 Adjusted EBITDA
C$42.71 mln
Q1 Adjusted EBITDA Margin
27.90%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for Fiera Capital Corp is C$6.38, about 10.1% above its May 7 closing price of C$5.79

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)