FirstService Corp delivers a strong quarterly performance, surpassing earnings expectations amid a challenging market.
On July 23, 2026, FirstService Corp (FSV.TO) reported its second-quarter earnings for the fiscal period ending June 30, 2026. The company achieved an adjusted earnings per share (EPS) of $1.75, beating analyst expectations by 1.2%. This marks the fourth consecutive quarter that FirstService has outperformed consensus estimates, showcasing its resilience in the competitive property services sector.
Recent earnings trend
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FirstService Corp
FSV.TO
FSV.TO
FirstService Corp
WealthAwesomeMarket cap
$9.17B
P/E
39.6x
Div. yield
0.56%
Div. / share
$1.13
52W high
$288.14
52W low
$169.24
1W change
-13.02%
Beta
0.90
Analyst Price Targets
Based on analyst covering FSV
Wall Street analysts forecast FSV stock price to rise 36.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$250.84
+36.0% Upside
Current Price
C$184.50
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FSV's historical volatility
30-Day Vol
34.8%
Annualized
90-Day Vol
33.1%
Annualized
Trend (90d)
-25.2%
Annualized drift
90d Mean
C$168.63
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$179.05 | C$158.77 โ C$201.93 |
| 60 trading days | C$173.76 | C$146.59 โ C$205.97 |
| 90 trading days | C$168.63 | C$136.93 โ C$207.68 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-23 | 1.7500 | 1.7300 | +1.2% |
| 2026-03-31 | 2026-04-23 | 0.9500 | 0.8900 | +6.7% |
| 2025-12-31 | 2026-02-04 | 1.3700 | 1.3200 | +3.8% |
| 2025-09-30 | 2025-10-23 | 1.7600 | 1.7300 | +1.7% |
| 2025-06-30 | 2025-07-24 | 1.7100 | 1.4600 | +17.1% |
| 2025-03-31 | 2025-04-24 | 0.9200 | 0.8300 | +10.8% |
Investor takeaway: FirstService's ability to consistently beat earnings estimates indicates strong operational management and growth potential, even in a challenging economic landscape. Investors should monitor upcoming earnings revisions and management's guidance to better assess the stock's trajectory.
EPS of $1.75 vs. $1.73 Estimate, Surprising by 1.2%
FirstService's adjusted EPS of $1.75 reflects a 2% increase compared to the previous year's quarter, demonstrating steady growth amid market challenges.
Bull case
FirstService's Residential division is growing thanks to new contracts and organic growth. This positions the company well for future revenue increases. The strong track record of beating earnings estimates boosts investor confidence.
Bear case
Even with the earnings beat, FirstService's revenues slightly missed expectations, and the stock has underperformed the market year-to-date. Investors should consider how macroeconomic challenges might affect future growth.
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