FirstService (FSV) Q3 Earnings Beat Estimates

Core Viewpoint - FirstService (FSV) reported quarterly earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.75 per share, and showing an increase from $1.63 per share a year ago, indicating a positive earnings surprise of +0.57% [1] Financial Performance - The company posted revenues of $1.45 billion for the quarter ended September 2025, which was below the Zacks Consensus Estimate by 1.18%, but an increase from $1.4 billion year-over-year [2] - Over the last four quarters, FirstService has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - FirstService shares have increased by approximately 2.1% since the beginning of the year, while the S&P 500 has gained 13.9% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $1.47 on revenues of $1.44 billion, and for the current fiscal year, it is $5.87 on revenues of $5.57 billion [7] - The estimate revisions trend for FirstService was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Real Estate - Operations industry, to which FirstService belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]