Earnings from FirstService Corporation [FSV] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2018.
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FSV Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.25 per share on revenue of $401.83M. Taking a look at the future, the company is projected to report revenue of $467.74M at an earnings per share of $0.8 for the Jun 2018 quarter. The estimates represent year-over-year improvements of 6.50% in revenue and 9.60% in earnings per share for the company.
FSV Stock Earnings Forecast For The Current Year
For the full financial year, FirstService Corporation [NASDAQ:FSV] is forecasted to generate revenue of $1.84B. The figure is about $130.0 million above what the company actually reported for the fiscal year 2017. In terms of EPS, it is estimated to be $2.6 in 2018, which is $0.57 higher than the figure in FY17. Based on current estimates, earnings are expected to grow 28.10% this year, 9.60% next year, and 15.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 7.60% in current fiscal year and 6.50% over following year.
FSV Stock Price Performance
At the close of Monday’s session, FirstService Corporation [NASDAQ:FSV] finished up 0.97% at $169.33. The stock’s highest single-day price was $170.91, and its lowest was $167.28. Its price rose 4.03% in the last five days. Since the beginning of the year, FirstService Corporation’s shares are up nearly 23.82%. However, the share price is 0.72% below its one year high. The top price reached by the shares of the company was $170.91 on 04/26/21, while the 52-week low came on 01/04/21, when the shares were $132.13. In the past year, shares of the company have risen 107.97%. At 50 days, the moving average achieved is $153.79 while at 200 days, the moving average is $135.83. There were 69550.0 shares traded in the last session, up from 21300.0 in the previous session.
FirstService Corporation [NASDAQ:FSV] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 83.83, FirstService Corporation [FSV] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 14.39 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.68 PS value ratio is reported for the last one year of reported earnings. This is below the average return 3.04 for the industry, which means FSV offers an attractive investment opportunity than its competitors do.
FSV Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 169.33 level, and the violation of this level will cause a further drop to 167.44 level. At the upper end, 174.70 remains a key resistance. As the stock increases, it may find resistance at 172.80. In the 14-day chart, the Relative Strength Index standing at 72.27 suggests a technical overbought stance while the MACD standing at 6.15 indicates price will increase in the next trading period. Stochastic %K at 95.52% suggests selling the stock while Percent R indicator at 7.72% suggests bullish price movement.
How much is the short interest in FirstService Corporation?
There have been a drop in short interest in the FirstService Corporation Financial stock, with short interest down by 62020.0 shares to 0.16 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 94700.0 shares. This 39.57% increase suggests some bearish sentiment was experienced by the stock.
How do analysts view FirstService Corporation?
In regard to the share price forecast for FirstService Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $161.00 in the next twelve months, representing almost an -5.17% growth from its recent price of $169.33. Among FirstService Corporation stock projections, $175.00 is the highest analyst target for the stock, while $153.00 is the lowest. Despite this, 8 analysts who share their consensus rating for FSV in 2021 agree that the stock is an Overweight. The latest rating change took place on 2/10/21, when RBC Capital Ratings launched coverage of the stock at “Sector Perform” and assigned a price target of $160.0.