The stock may react negatively to the Adjusted EPS miss despite strong GAAP EPS and revenue growth. Monitor the conference call for commentary on margin trends in FirstService Brands and any updates to full-year expectations. The divergence between GAAP and non-GAAP performance warrants scrutiny.
Price Chart
Executive Summary
FirstService Corporation (FSV) reported Q1 2026 earnings with GAAP EPS of $0.44, a significant 633% increase year-over-year from $0.06, driven by strong operating earnings growth. Adjusted EPS was $0.95, missing the $0.89 consensus, while revenue of $1.32B beat expectations by 5%. Results were mixed: top-line growth and margin expansion in FirstService Residential contrasted with margin compression in FirstService Brands due to competitive pressures.
Key Financial Metrics
Key Facts
- GAAP EPS: $0.44 (vs. $0.06 YoY), +633%
- Adjusted EPS: $0.95 (missed $0.89 consensus by 6.7%)
- Revenue: $1.317B, +5% YoY, beat consensus of $1.30B
- FirstService Residential revenue +4% organically, Adjusted EBITDA +10%
- FirstService Brands revenue +6%, but Adjusted EBITDA down 6% due to margin pressure
- No guidance provided in the release
Financial Impact
Revenue beat by $17M; Adjusted EPS missed by $0.06; GAAP EPS surged due to $8.7M higher income tax and lower non-controlling interest costs.
Risk Factors
- Margin compression in FirstService Brands due to competitive roofing market and promotional activity
- Reliance on acquisitions and fair value adjustments impacting year-over-year comparability
- Lack of forward guidance increases uncertainty
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3279784 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 6-K | $147.22 | awaiting T+60 | — | $144.16 (−2.08%) |
Oct 22, 2026 5d ago | Press Release | $147.22 | awaiting T+60 | — | $144.16 (−2.08%) |
Oct 21, 2026 5d ago | SC 13G | $136.59 | awaiting T+60 | — | $144.16 (+5.54%) |
Oct 19, 2026 7d ago | Press Release | $138.51 | awaiting T+60 | — | $144.16 (+4.08%) |
Sep 17, 2026 5w ago | 6-K | $132.55 | awaiting T+60 | — | $144.16 (+8.76%) |
Sep 17, 2026 5w ago | Press Release | $132.24 | awaiting T+60 | — | $144.16 (+9.02%) |
Aug 20, 2026 9w ago | 6-K / PRESS-RELEASE | $144.49 | awaiting T+60 | — | $144.16 (−0.23%) |
Jul 31, 2026 12w ago | 6-K | $140.89 $144.16 | ▲ +2.32% | ▼ −0.13% | $144.16 (+2.32%) |
Jul 23, 2026 13w ago | 6-K | $131.14 $135.07 | ▲ +3.00% | ▼ −1.56% | $144.16 (+9.93%) |
Jun 11, 2026 19w ago | Institutional Cluster | $141.46 $144.11 | ▲ +1.87% | ▼ −2.52% | $144.16 (+1.91%) |
US Market Status
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