Q: May I have your view on First Service’s earning? Big jump today!
5i Research Answer:
Earnings were very solid and the stock had its biggest move since the pandemic bounce. EPS of $1.71 beat estimates of $1.40; revenue of $1.42B beat estimates of $1.39B. EBITDA of $157M beat estimates by 8%. Revenue rose 9.1% with good organic growth. EBITDA rose 19%. It was a very good quarter and the company noted that its goals for 2025 remain solidy on track. The stock is only up 1% this year but fundamentals are certainly solid here, even considering some economic uncertainty.