FirstService reports earnings before the market opens on October 22, 2026, for the quarter ended September 30. It has beaten comparable-quarter EPS estimates in each of its last four reports. That record offers context, but it doesn’t guarantee another beat.
FirstService Corp (TSX: FSV), also known as FSV.TO, has two different consensus estimates in the supplied data. The earnings calendar lists C$1.87 per share. An earnings-trends feed gives C$1.94, based on eight analysts, with a range of C$1.88 to C$1.98. That feed also estimates revenue of US$1.54 billion, up 6.1% from a year earlier, and EPS growth of 10.0% from C$1.76. Check which estimate your data provider uses when comparing the reported result.
Recent earnings trend
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FirstService Corp
FSV.TO
FSV.TO
FirstService Corp
WealthAwesomeMarket cap
$8.39B
P/E
39.6x
Div. yield
0.61%
Div. / share
$1.16
52W high
$264.56
52W low
$168.84
1W change
+3.83%
Beta
0.91
Analyst Price Targets
Based on analyst covering FSV · as of Oct 19, 2026
Wall Street analysts forecast FSV stock price to rise 76.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$238.91
+76.1% Upside
Previously C$239.71 on Oct 16, 2026
Current Price
C$135.67
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FSV's historical volatility
30-Day Vol
28.8%
Annualized
90-Day Vol
29.8%
Annualized
Trend (90d)
-20.7%
Annualized drift
90d Mean
C$178.48
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$187.50 | C$169.75 – C$207.10 |
| 60 trading days | C$182.93 | C$158.93 – C$210.56 |
| 90 trading days | C$178.48 | C$150.24 – C$212.04 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-22 | — | 1.8700 | — |
| 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% |
FirstService provides residential community management and property services through FirstService Residential and FirstService Brands. Recent news includes a community-management contract in California and a fire-protection acquisition in the Carolinas. The available information doesn’t say how much either will contribute to this quarter. For company background and market data, see the FirstService stock page.
Investor takeaway: The current forecast points to higher EPS than a year ago, but not necessarily another earnings beat. The trends-feed estimate rose from C$1.91 to C$1.94 over 30 days, while revisions included one increase and three cuts. Watch reported EPS against the estimate you’re using, revenue growth, and management’s comments on demand and operating costs. Acquisitions may add scale, but their near-term earnings impact is unclear.
C$1.94 EPS consensus in the earnings-trends feed
The earnings-trends feed puts EPS at C$1.94, 10.0% above the year-ago figure of C$1.76. The estimate is based on eight analysts. The earnings calendar lists C$1.87, so the two sources don’t match. FirstService beat estimates in each of its last four comparable quarters, with reported EPS ranging from C$0.95 to C$1.76.
Bull case
FirstService has beaten estimates in each of its last four comparable quarters. In the latest quarter, ended June 30, EPS was C$1.75 against an estimate of C$1.73. The three quarters before that also came in above estimates.
The current trends-feed forecast points to 10.0% EPS growth and 6.1% revenue growth year over year. FirstService’s two platforms cover residential community management and property services, and recent contracts and acquisitions show continued business development. If demand and execution support the forecast, the results could strengthen the growth case.
Bear case
A four-quarter streak of earnings beats doesn’t guarantee another. Recent estimate revisions are mixed, even though the trends-feed consensus has edged up. FirstService reports a profit margin of 2.88%, making costs and execution important alongside revenue growth.
The shares trade at a reported P/E of about 39.6, so a shortfall or cautious outlook could weigh on the valuation. The last close of C$135.67 was below both the 50-day and 200-day moving averages. Analyst targets and statistical-model forecasts are estimates, not assurances.
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Analysis
FirstService is due to report before the market opens on October 22 for the quarter ended September 30. The earnings calendar lists EPS of C$1.87. The earnings-trends feed gives a consensus of C$1.94, based on eight analysts, with a range of C$1.88 to C$1.98. These are separate estimates, so check which one you’re using when you compare the reported result.
The trends feed forecasts revenue of US$1.54 billion, based on seven analysts. That would be a 6.1% increase from a year earlier. Its EPS estimate implies 10.0% growth from the year-ago C$1.76. The main questions are whether revenue growth translates into higher EPS and what management says about demand, costs and execution across its businesses.
Analysis
FirstService beat estimates in each of its last four comparable quarters. For the quarter ended June 30, EPS was C$1.75 versus C$1.73 expected. In March, it was C$0.95 versus C$0.89; in December, C$1.37 versus C$1.32; and in September 2025, C$1.76 versus C$1.73. That record is useful context, but it doesn’t mean the next result will beat expectations.
The trends-feed consensus rose from C$1.91 to C$1.94 over 30 days. Revisions were mixed, with one increase and three cuts. The automatically inserted recent-earnings table and chart show the quarter-by-quarter results.
Analysis
FirstService Residential manages residential communities, while FirstService Brands provides property services. Recent company news includes a California community-management contract and the acquisition of A&A Fire Protection by Century Fire Protection, expanding its presence in the Carolinas. The announcements don’t estimate how much these developments will contribute to the September quarter.
FirstService reports a P/E of about 39.6, a profit margin of 2.88% and a dividend yield of 0.61%. Its last close was C$135.67, below the 50-day average of C$135.95 and the 200-day average of C$142.84.
The analyst ratings section lists an average target of C$238.91, or 76.1% above the last close. That’s an analyst estimate, not a promised return. The Wealth Awesome price forecast is a statistical model, not financial advice. It gives a 90-day mean of C$178.48, with a 68% range of C$150.24 to C$212.04 and a 95% range of C$126.47 to C$251.90. These figures use different methods and aren’t earnings guidance.
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