FirstService (FSV) Misses Q4 Earnings Estimates

Group 1 - FirstService reported quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.36 per share, but showing an increase from $1.11 per share a year ago, resulting in an earnings surprise of -1.47% [1] - The company posted revenues of $1.37 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.09%, compared to year-ago revenues of $1.08 billion [2] - FirstService has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates four times during the same period [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call, with FirstService shares adding about 0.4% since the beginning of the year, compared to the S&P 500's gain of 2.7% [3] - The current consensus EPS estimate for the coming quarter is $0.84 on $1.31 billion in revenues, and for the current fiscal year, it is $5.64 on $5.57 billion in revenues [7] - The estimate revisions trend for FirstService is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3 - The Real Estate - Operations industry, to which FirstService belongs, is currently in the bottom 16% of the Zacks industries, which may impact stock performance [8] - Redfin, another stock in the same industry, is expected to report a quarterly loss of $0.24 per share, representing a year-over-year change of -20%, with revenues expected to be $241.99 million, up 11% from the year-ago quarter [9]