FirstService (FSV) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.89
- Estimate
- $1.87
- Surprise
- +1.3%
- Revenue (period 2026-09-30)
- $1.53B
- Score at report (before → after)
- 5.8 → 5.7/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
FirstService (FSV) beat the $1.87 estimate with adjusted EPS of $1.89 — a modest 1.3% upside surprise. TrendMatrix's engine moved from Sell (5.8/10) to Hold at 5.7/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates FSV Sell at 5.7/10.
4 of the last 4 quarters beat the estimate; this quarter's +1.3% surprise compares with a +3.4% four-quarter average. Next scheduled report: 2027-02-04.
What supports the rating
- Strong earnings beat streak (4/4)
What argues against it
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9)
- Sector modifier (Real Estate): -1.2
- Leverage penalty (D/E 1.3): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $138.96
- Price target
- $155.73
- Stop
- $131.16
- Upside to target
- +12.1%
- Reward-to-risk
- 1.2:1
The stock trades at 42.6× trailing but 20.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
FSV at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- Real Estate Services
- Market cap
- $6.07B
- P/E (fwd)
- 20.7
- P/E (ttm)
- 42.6
- 52-week range
- $119.41–$166.73
- Off 52-week high
- 16.7%
- RSI (14)
- 64
- Volume vs avg
- 1.46×
- Score today
- 5.7/10