Fiera Capital Q3 revenue slightly misses estimates

Fiera Capital

13/11/2025 12:44

Overview

Fiera Capital Q3 revenue slightly misses analyst expectations

Adjusted EPS for Q3 meets analyst estimates

Company achieved positive net organic growth in AUM, driven by new relationships

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

NET ORGANIC GROWTH - Positive net organic growth of C$900 mln in AUM, driven by new relationships with ATB Investment Management and the Canadian District of the United Brotherhood of Carpenters and Joiners of America

ADJUSTED EBITDA MARGIN - Improved to 30% due to higher revenues and cost containment efforts, according to CFO Lucas Pontillo

CAPITAL RETURN - Reduced net debt and repurchased over 500,000 shares, reinforcing commitment to return capital to shareholders

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
C$167.09 mln
C$167.61 mln (2 Analysts)
Q3 Adjusted EPS
Meet
C$0.23
C$0.23 (4 Analysts)
Q3 Adjusted Net Income
C$25.03 mln
Q3 Net Income
C$5.83 mln
Q3 Adjusted EBITDA
C$50.33 mln
Q3 Adjusted EBITDA Margin
30.10%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "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$7.00, about 10.4% above its November 12 closing price of C$6.27

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nCNWgBQJ6a

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