FirstService (FSV) Stock

FirstService reported strong results for Q3'24, with a 25% increase in restoration brands and the purchase of Roofing Corp of America, even though the residential sector faced some difficulties. They anticipate that revenue growth for Q4'24 will be over 20%, and for the entire fiscal year 2024, it will be close to 20%, indicating ongoing strength and stability. While there are risks like unpredictable weather impacting restoration services and regulatory issues in the residential area, the company's varied business model helps reduce these risks.

FirstService (FSV) has received a Zacks Rank #2 (Buy), indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.

TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) has announced that its Board of Directors has approved a quarterly cash dividend of US$0.25 per Common Share. This dividend will be paid on January 7, 2025, to shareholders who own Common Shares as of the end of business on December 31, 2024. For Canadian tax purposes, this dividend is considered an "eligible dividend."

FirstService Corporation, Inc. (NASDAQ:FSV) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 11:00 AM ET. The call will feature company representatives, including CEO Scott Patterson and CFO Jeremy Rakusin, along with participants from various financial institutions. The operator will begin the call by welcoming everyone and thanking them for their patience.

FirstService (FSV) reported quarterly earnings of $1.63 per share, which is higher than the Zacks Consensus Estimate of $1.43 per share. This is an increase compared to earnings of $1.25 per share from the same period last year.

Operating highlights for FirstService Corporation show significant growth for the third quarter ending September 30, 2024. Revenues reached $1,396.0 million, up from $1,117.1 million in 2023, while adjusted EBITDA increased to $160.0 million compared to $111.9 million last year. The company also reported an adjusted EPS of 1.63, up from 1.25 in the same period last year.

GREENWOOD VILLAGE, Colo., Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Onsite Property Restoration, a leading disaster recovery and restoration company in North America, has announced that it is growing its operations in New England. The company has hired a team of experienced professionals in commercial restoration based in Massachusetts.

FirstService (FSV) lacks the right mix of the two important factors that could lead to a strong earnings report in its next announcement. Be ready for the main expectations.

TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) has announced that it will publish its financial results for the third quarter, which ended on September 30, 2024. The press release will be issued on Thursday, October 24, 2024, around 7:30 am ET.