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FSV

FirstService

$96.64

-8.71 (-8.27%)

15:15
10/23/19
10/23
15:15
10/23/19
15:15

Correction: FirstService reports Q3 adjusted EPS 92c, consensus $1.03

Earlier, FirstService reported Q3 revenue $672.3M, consensus $676.8M. This note corrects the consensus figures.

  • 23

    Oct

FSV FirstService
$96.64

-8.71 (-8.27%)

05/28/19
RBCM
05/28/19
NO CHANGE
Target $102
RBCM
Sector Perform
FirstService price target raised to $102 from $94 at RBC Capital
RBC Capital analyst Matt Logan raised his price target on FirstService to $102 after its decision to acquire Global Restoration Holdings for $505M last week. The analyst believes that the deal represents a "complementary acquisition", driving growth in recurring revenue from "essential property services" while complementing the company's Paul Davis Restoration business. Logan also raises his FY19 and FY20 earnings forecasts for FirstService by 11c and 28c to $2.99 and $3.42 respectively but keeps his Sector Perform rating on the stock based on valuation.
09/25/19
TDSI
09/25/19
INITIATION
Target $110
TDSI
Hold
FirstService initiated with a Hold at TD Securities
TD Securities analyst Daryl Young initiated FirstService with a Hold and $110 price target citing limited multiple expansion from here and exposure to cyclical drivers in a late cycle.
09/25/19
09/25/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Wayfair (W) initiated with a Neutral at UBS. 2. Comcast (CMCSA) initiated with a Buy at Benchmark. 3. FirstService (FSV) initiated with a Hold at TD Securities. 4. Momenta (MNTA) initiated with a Buy at H.C. Wainwright. 5. uniQure (QURE) initiated with an Outperform at Bernstein. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/23/19
WBLR
10/23/19
NO CHANGE
WBLR
Market Perform
FirstService estimates lowered at William Blair after earnings
William Blair analyst Stephen Sheldon said FirstService reported slightly weaker than expected third quarter revenue, adjusted EBITDA and adjusted EPS, calling organic revenue growth in the residential segment the "positive highlight" of the quarter. However, FirstService will now face tougher comparisons, so he expects organic revenue growth to moderate in the residential segment. Following the report, Sheldon lowered his adjusted EPS forecasts for 2019, 2020 and 2021 and also tempered his margin expansion expectations. He keeps a Market Perform rating on FirstService shares.

TODAY'S FREE FLY STORIES

AXNX

Axonics

$22.97

-0.48 (-2.05%)

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Axonics files to sell $110M in common stock »

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  • 21

    Nov

HD

Home Depot

$226.12

-12.86 (-5.38%)

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Home Depot analyst commentary  »

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  • 19

    Nov

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    Dec

CRC

California Resources

$6.39

-2.08 (-24.56%)

, BRY

Berry Petroleum

$8.89

-2.415 (-21.36%)

15:56
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California Resources sees no significant impact from CA review, Bloomberg says »

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CRC

California Resources

$6.39

-2.08 (-24.56%)

BRY

Berry Petroleum

$8.89

-2.415 (-21.36%)

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TNDM

TNDM

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Options
Tandem Diabetes call volume above normal and directionally bullish »

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  • 19

    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$311.99

-0.02 (-0.01%)

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HON

Honeywell

$180.13

0.33 (0.18%)

15:41
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Conference/Events
Honeywell to hold a two day investor webcast »

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  • 20

    Nov

BRY

Berry Petroleum

$8.68

-2.625 (-23.22%)

15:38
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Berry Petroleum says CA moratorium to have no impact on 2019 performance »

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HON

Honeywell

$180.19

0.39 (0.22%)

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15:38
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Conference/Events
Honeywell to hold a two day investor webcast »

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TGT

Target

$110.50

-0.09 (-0.08%)

15:37
11/19/19
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Technical Analysis
Technical Preview: Target before earnings has a potential bearish pattern »

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  • 20

    Nov

BRY

Berry Petroleum

$8.61

-2.695 (-23.84%)

15:36
11/19/19
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15:36
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Hot Stocks
Breaking Hot Stocks news story on Berry Petroleum »

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BA

Boeing

$367.88

-1.62 (-0.44%)

15:35
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Boeing says working on enhancements that address NTSB recommendations »

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ESE

Esco Technologies

$86.89

2.12 (2.50%)

15:34
11/19/19
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15:34
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15:34
Options
ESCO Technologies options imply 8.1% move in share price post-earnings »

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  • 19

    Nov

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    Nov

DIS

Disney

$148.53

0.88 (0.60%)

15:31
11/19/19
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Periodicals
Disney sees $100M domestic opening weekend for 'Frozen 2,' Bloomberg says »

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MYOV

Myovant Sciences

$13.98

7.96 (132.23%)

15:28
11/19/19
11/19
15:28
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Recommendations
Myovant Sciences analyst commentary  »

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  • 19

    Nov

ACM

Aecom

$42.75

0.11 (0.26%)

15:26
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Conference/Events
Aecom participates in a conference call with BofA/Merrill »

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MSFT

Microsoft

$150.52

0.17 (0.11%)

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  • 20

    Nov

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  • 09

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ALC

Alcon

$59.24

0.35 (0.59%)

15:19
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Options
Alcon options imply 6.2% move in share price post-earnings »

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  • 20

    Nov

  • 02

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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NYSE market internals summary »

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INFN

Infinera

$6.63

-0.17 (-2.50%)

15:15
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Options
Infinera put volume heavy and directionally bearish »

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  • 09

    Dec

HD

Home Depot

$226.30

-12.68 (-5.31%)

15:10
11/19/19
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15:10
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15:10
Recommendations
Home Depot analyst commentary  »

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  • 19

    Nov

  • 11

    Dec

URBN

Urban Outfitters

$28.49

-1.67 (-5.54%)

15:04
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11/19/19
15:04
Options
Urban Outfitters options imply 18.0% move in share price post-earnings »

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  • 19

    Nov

  • 05

    Dec

CRON

Cronos Group

$6.87

0.74 (12.07%)

, MO

Altria Group

$47.20

-1.14 (-2.36%)

14:57
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Periodicals
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CRON

Cronos Group

$6.87

0.74 (12.07%)

MO

Altria Group

$47.20

-1.14 (-2.36%)

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  • 30

    Jan

GRUB

GrubHub

$40.59

-0.42 (-1.02%)

, UBER

Uber

$27.06

0.3 (1.12%)

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GRUB

GrubHub

$40.59

-0.42 (-1.02%)

UBER

Uber

$27.06

0.3 (1.12%)

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  • 19

    Nov

  • 21

    Nov

  • 04

    Dec

BRY

Berry Petroleum

$10.23

-1.075 (-9.51%)

14:54
11/19/19
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Berry Petroleum analyst commentary  »

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