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

FirstService

24/04/2024 14:31

* Firstservice Corp  FSV.TO  reported quarterly adjusted
earnings
of 67 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 85 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 73 cents per share. Wall Street
expected results to range from 58 cents to $1.16 per share.
    * Revenue rose 13.7% to $1.16 billion from a year ago;
analysts
expected $1.12 billion. 
    * Firstservice Corp's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of $6.31
million.
    * Firstservice Corp shares had fallen by 6.6% this
quarter and
lost 2.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.3%
in the last three months.​ 
    * In the last 30 days, two 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 $174.18 
This summary was machine generated from LSEG data April 24 at
01:31 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
 Mar. 31 2024      0.73           0.67           Missed
 Dec. 31 2023      1.13           1.11           Missed
 Sep. 30 2023      1.28           1.25           Missed
 Jun. 30 2023      1.33           1.46           Beat