FirstService Q4 Adj $1.11 Misses $1.13 Estimate, Sales $1.08B Beat $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
FirstService (NASDAQ:FSV) reported Q4 earnings of $1.11 per share, missing the consensus estimate of $1.13, a 9.02% decrease from last year. However, their quarterly sales of $1.08B exceeded the $1.07B estimate, marking a 5.78% increase from the previous year.
February 06, 2024 | 12:35 pm
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NEUTRAL IMPACT
FirstService reported a mixed Q4 with earnings missing estimates but sales exceeding expectations.
The slight miss in earnings per share (EPS) could be seen negatively by investors, indicating potential challenges in profitability. However, the beat on sales forecasts suggests strong demand for FirstService's services, potentially offsetting concerns about the EPS miss. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90