FirstService Corp (FSV) Releases Earnings Results, Beats Expectations By $0.01 EPS

FirstService Corp (FSV) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.07. The company posted revenue of $307.60 million in the period, compared to analysts expectations of $297.98 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on FirstService Corp. Company shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .

FirstService Corporation is a provider of property services. The Company offers property services through two service platforms including FirstService Residential and FirstService Brands. FirstService Residential manages approximately 7000 properties in residential communities. In addition to property management services FirstService Residential provides other services in various areas such as on-site staffing including building engineering and maintenance full-service amenity management security concierge and front desk personnel and landscaping; banking and insurance products and energy conservation and management solutions. FirstService Brands provides property services through seven brands including Paul Davis Restoration CertaPro Painters California Closets Pillar to Post Home Inspectors Floorcoverings International College Pro Painters and Service America. The Company also provides services related to energy insurance financial products and loan placement.

FirstService Corp

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