FirstService Corporation Reports Q1 2025 Financial Results

FirstService ( (TSE:FSV) ) just unveiled an update.

FirstService Corporation released its interim consolidated financial statements for the first quarter ending March 31, 2025. The company reported revenues of $1,250,826,000, an increase from the previous year’s $1,158,045,000. Despite the revenue growth, net earnings attributable to the company decreased to $2,803,000 from $6,308,000 in the same period last year. The financial statements have not been audited or reviewed by their external auditors, PricewaterhouseCoopers LLP. This financial performance could impact the company’s market positioning and stakeholder confidence, given the decline in net earnings despite increased revenues.

Spark’s Take on TSE:FSV Stock

According to Spark, TipRanks’ AI Analyst, TSE:FSV is a Outperform.

FirstService demonstrates strong financial performance, supported by robust revenue and cash flow growth, despite facing challenges in organic growth and commercial contract delays. The company’s technical indicators show stable momentum, though valuation remains a concern with a high P/E ratio. Positive corporate events, including a credit facility expansion and dividend increase, bolster its growth potential and financial flexibility.

To see Spark’s full report on TSE:FSV stock, click here.

More about FirstService

FirstService Corporation is a company based in Toronto, Ontario, Canada, primarily involved in providing property services. The company operates in the real estate industry, focusing on delivering a range of services that enhance property value and operational efficiency.

YTD Price Performance: -3.03%

Average Trading Volume: 161,168

Technical Sentiment Signal: Strong Sell

Current Market Cap: $7.97B

See more data about FSV stock on TipRanks’ Stock Analysis page.