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FSV

FirstService

$96.64

-8.71 (-8.27%)

15:18
10/23/19
10/23
15:18
10/23/19
15:18

FirstService reports Q3 adjusted EPS 92c, consensus $1.03

Earlier, FirstService reported Q3 revenue $672.3M, consensus $676.8M. "We are pleased to report another strong quarter, led by very robust organic growth in both of our divisions," said Scott Patterson, CEO of FirstService. "The themes have remained consistent all year built upon broad top-line strength, notwithstanding softer weather-related activity levels in our restoration operations. We expect to close the year in similar fashion." In afternoon trading, FirstService shares are down $8.90, or 8.5%, to $96.41.

  • 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.

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CLDR

Cloudera

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APDN

Applied DNA Sciences

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TLRD

Tailored Brands

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  • 11

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NVDA

Nvidia

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, AMZN

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ACB

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OXY

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TORC

resTORbio

$1.16

-6.77 (-85.37%)

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  • 15

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TORC

resTORbio

$1.14

-6.79 (-85.62%)

12:21
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Downgrade
resTORbio rating change  »

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WE

We Company

$0.00

(0.00%)

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FCBP

First Choice Bank

$22.49

-0.01 (-0.04%)

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AXP

American Express

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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AMGN

Amgen

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AXGT

Axovant

$4.71

-0.05 (-1.05%)

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LYFT

Lyft

$43.75

1.85 (4.42%)

, FB

Facebook

$194.64

1.49 (0.77%)

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$43.75

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FB

Facebook

$194.64

1.49 (0.77%)

AMZN

Amazon.com

$1,747.79

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NFLX

Netflix

$293.25

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TWTR

Twitter

$29.38

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IAC

IAC

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AUPH

Aurinia Pharmaceuticals

$5.37

0.23 (4.47%)

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Options
Aurinia Pharmaceuticals call volume above normal and directionally bullish »

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12:05
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General news
Fed Q4 Nowcasts revised lower. »

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ENVA

Enova International

$22.15

-1.895 (-7.88%)

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CANG

Cango

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CTRA

Contura Energy

$8.50

-0.88 (-9.38%)

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