Firstservice Corp reports results for the quarter ended in January - Earnings Summary

FirstService

25/07/2024 15:22

* Firstservice Corp  FSV.TO  reported quarterly adjusted
earnings
of $1.36​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of $1.46.  The mean expectation of seven analysts for the
quarter was for earnings of $1.29 per share. Wall Street
expected results to range from $1.22  to $1.53 per share.
    * Revenue rose 15.9% to $1.30 billion from a year ago;
analysts
expected $1.28 billion. 
    * Firstservice Corp's reported EPS for the quarter was 78
cents​.
    * The company reported quarterly net income of $61.29
million.
    * Firstservice Corp shares had risen by 8.5% this
quarter and
gained 5.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "buy"

Wall Street's median 12-month price target for Firstservice Corp
is $181.00 
This summary was machine generated from LSEG data July 25 at
02:22 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.29           1.36           Beat
 Mar. 31 2024      0.73           0.67           Missed
 Dec. 31 2023      1.13           1.11           Missed
 Sep. 30 2023      1.28           1.25           Missed