- FirstService reported an adjusted EPS of 92 cents, surpassing last year’s 67 cents and the estimated 83 cents.
- The company achieved a revenue of $1.25 billion, marking an 8% increase year-over-year, although slightly below the $1.28 billion estimate.
- FirstService Residential revenue rose by 5.8% year-over-year to $525.1 million, outperforming the $513.2 million estimate.
- FirstService Brands experienced a 9.6% growth in revenue, reaching $725.7 million, but fell short of the $765.3 million estimate.
- Adjusted EBITDA increased by 24% year-over-year to $103.3 million, exceeding the estimated $100.7 million.
- Despite economic uncertainties, the company maintained disciplined execution and healthy profitability.
- Analyst recommendations include 6 buys, 3 holds, and no sells.
A look at FirstService Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
FirstService Corp, a provider of real estate services, shows a mixed outlook based on the Smartkarma Smart Scores system. With moderate scores of 2 for both Value and Dividend factors, the company may not be particularly undervalued or geared towards high dividend payouts. However, it portrays a slightly positive stance with scores of 3 for Growth, Resilience, and Momentum. This suggests that while the company may not be excelling in value or dividends, it is showing promising signs in terms of growth potential, resilience in challenging market conditions, and positive momentum in its performance.
Overall, FirstService Corp‘s Smart Scores paint a picture of a company with room for development and progress. With a focus on growth opportunities, resilience in the face of uncertainties, and positive momentum driving its performance, FirstService Corp appears to be positioned for potential future success in the real estate services sector, primarily serving customers in Canada.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
