TSX:FSVReal Estate
FirstService (TSX:FSV) Margin Jump Reinforces Bullish Narratives Despite Valuation Risks
FirstService (TSX:FSV) posted a net profit margin of 2.6%, up from 1.7% a year ago. Earnings jumped 76.8% over the past year, far outpacing the 3.9% average annual growth of the last five years. Revenue is projected to rise 6.5% per year, well above the Canadian market’s 4.9% forecast. Earnings are expected to expand 25.46% annually, outstripping the market’s 12.2% pace. With these improvements in both profit margins and growth rates, the latest figures point to clear operational momentum and...