- Adjusted Earnings Per Share (EPS): FirstService reported an adjusted EPS of $1.71, beating the previous year’s $1.36 and surpassing the estimate of $1.40.
- Revenue Growth: The company’s total revenue reached $1.42 billion, marking a 9.1% increase year-over-year and exceeding the forecast of $1.39 billion.
- FirstService Residential Performance: Revenue from FirstService Residential came in at $593.0 million, a 6.4% growth from last year, slightly above the expected $585.5 million.
- FirstService Brands Performance: FirstService Brands revenue grew by 11% year-over-year to $822.7 million, surpassing the estimated $809.3 million.
- Adjusted EBITDA: The adjusted EBITDA was $157.1 million, reflecting a 19% year-over-year increase and beating the projection of $145.7 million.
- Outlook Confidence: Despite economic uncertainties, the company’s robust performance signals they are on track to meet their 2025 goals.
- Investment Ratings: There are six buy ratings, three hold ratings, and zero sell ratings for the company.
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 company offering real estate services primarily in Canada, has received a moderate overall outlook based on the Smartkarma Smart Scores analysis. With scores of 3 in Growth, Resilience, and Momentum, the company seems to have a positive trajectory in these areas. This indicates a potential for steady growth, ability to withstand market changes, and favorable momentum in the market.
However, with lower scores of 2 in both Value and Dividend, investors may need to consider these factors carefully. The scores suggest that the company may not be considered undervalued and its dividend payouts may not be as high as some other investment options. Overall, while FirstService Corp shows promise in growth, resilience, and momentum, potential investors may want to assess the value and dividend aspects before making investment decisions.
### FirstService Corporation offers real estate services. The Company provides property services for residential and commercial buildings. FirstService Corporation serves 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
