Property services firm FirstService beats Q3 adjusted EPS estimates, helped by residential growth

FirstService

23/10/2025 12:40

Overview

FirstService Q3 revenue grows 4% yr/yr but misses analyst expectations

Adjusted EPS for Q3 beats analyst estimates, growing 8% yr/yr

GAAP operating earnings and diluted EPS decline compared to last year

Outlook

Company expects market challenges to impact fourth-quarter performance

Result Drivers

RESIDENTIAL GROWTH - FirstService Residential revenues grew 8% driven by new contract wins and operational efficiencies

BRANDS DIVISION CHALLENGES - FirstService Brands saw a 1% revenue increase, with a 4% organic decline due to reduced restoration and roofing activity

MACROECONOMIC HEADWINDS - CEO notes weather-related and macroeconomic challenges affected organic growth in the Brands division

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.45 bln
$1.47 bln (5 Analysts)
Q3 Adjusted EPS
Beat
$1.76
$1.74 (8 Analysts)
Q3 EPS
$1.24


Property services firm

Analyst Coverage

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 "buy"

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nGNX8YYmB5

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.)