FirstService Q1 2024 Adj EPS $0.67 Misses $0.73 Estimate, Sales $1.158B Beat $1.124B Estimate
Portfolio Pulse from Benzinga Newsdesk
FirstService (NASDAQ:FSV) reported Q1 2024 earnings of $0.67 per share, missing the consensus estimate of $0.73 by 8.22%. However, their quarterly sales of $1.158 billion exceeded the estimate of $1.124 billion by 3.02%, marking a 13.75% increase from the previous year.
April 24, 2024 | 11:41 am
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NEUTRAL IMPACT
FirstService reported Q1 2024 earnings below estimates but surpassed sales forecasts, indicating mixed financial performance.
The miss in earnings per share (EPS) could negatively impact investor sentiment and stock price in the short term. However, the beat on sales forecasts and significant year-over-year sales growth could counterbalance the negative EPS impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100