Equity Profile

FSV

FirstService Corporation

Real EstateReal Estate Services$6.6B

Jul23Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

FirstService Corporation (FSV) operates in the real estate services sector, providing property management and maintenance services. With a market cap of $7 billion, it plays a significant role in the real estate industry, particularly as consumer spending and housing trends evolve.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its services and capture market share, which is vital for investor confidence.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

FSV Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+17.47%

Avg Stock Reaction

+1.21%

Last Quarter Recap

In Q1-2026, FirstService reported an EPS of $0.95, surpassing estimates by 21%. However, the stock reacted negatively, declining by 0.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts have mixed expectations for FirstService's upcoming earnings report. While the company has consistently beaten EPS estimates, there is uncertainty regarding revenue figures.

Bull Case

If FirstService continues its trend of beating EPS estimates, it could signal strong operational efficiency and growth, leading to a positive stock reaction.

Bear Case

Conversely, if revenue growth does not meet expectations, it may raise concerns about the company's future prospects, potentially leading to a stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be crucial for market sentiment.

How is revenue growth trending compared to previous quarters?

Revenue growth is essential for assessing the company's ongoing performance and ability to expand in the competitive real estate market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate FirstService's ability to maintain its EPS growth trajectory despite potential revenue challenges, as historical performance shows resilience.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational management.

Options are pricing a larger move than historical averages, suggesting that the market may be overly cautious.

Insider buying activity suggests confidence in the company's future performance.

Key Risk

If the EPS comes in below $0.80, it could undermine the bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the balance between profitability and revenue growth, which are critical for sustaining investor confidence.

Bull Confirmed If

An EPS of $1.00 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.80 would confirm the bear case, raising concerns about operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±9.54%

Historical Avg

±4.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±9.5% while FSV has averaged ±4.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

37.7%

Calls (100)P/C Ratio: 3.00Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

This setup has occurred 30 times across Real Estate in the last 2 years. 19 of 30 (63%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 2.7%, with a raw directional average of +1.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

History suggests a strong stock reaction, with an average 1-day move of +1.21% when they beat estimates, confirming operational strength.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await clearer guidance.

Miss

If the company misses expectations, history indicates a potential decline, with an average move of -0.50% following misses.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

6 buys·0 sells

Members

House only

Est. Notional

$20,006.00–$125,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
6

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth trends compared to previous quarters.
2Insights into operational efficiencies that may impact future profitability.
3Management's outlook on market conditions and competitive landscape.
4Details on any new service offerings or expansions.
5Responses to questions about recent insider buying activity.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its services and capture market share, which is vital for investor confidence.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

FSV Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+17.47%

Avg Stock Reaction

+1.21%

Last Quarter Recap

In Q1-2026, FirstService reported an EPS of $0.95, surpassing estimates by 21%. However, the stock reacted negatively, declining by 0.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts have mixed expectations for FirstService's upcoming earnings report. While the company has consistently beaten EPS estimates, there is uncertainty regarding revenue figures.

Bull Case

If FirstService continues its trend of beating EPS estimates, it could signal strong operational efficiency and growth, leading to a positive stock reaction.

Bear Case

Conversely, if revenue growth does not meet expectations, it may raise concerns about the company's future prospects, potentially leading to a stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be crucial for market sentiment.

How is revenue growth trending compared to previous quarters?

Revenue growth is essential for assessing the company's ongoing performance and ability to expand in the competitive real estate market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate FirstService's ability to maintain its EPS growth trajectory despite potential revenue challenges, as historical performance shows resilience.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational management.

Options are pricing a larger move than historical averages, suggesting that the market may be overly cautious.

Insider buying activity suggests confidence in the company's future performance.

Key Risk

If the EPS comes in below $0.80, it could undermine the bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the balance between profitability and revenue growth, which are critical for sustaining investor confidence.

Bull Confirmed If

An EPS of $1.00 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.80 would confirm the bear case, raising concerns about operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±9.54%

Historical Avg

±4.9%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±9.5% while FSV has averaged ±4.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

37.7%

Calls (100)P/C Ratio: 3.00Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

History suggests a strong stock reaction, with an average 1-day move of +1.21% when they beat estimates, confirming operational strength.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await clearer guidance.

Miss

If the company misses expectations, history indicates a potential decline, with an average move of -0.50% following misses.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

6 buys·0 sells

Members

House only

Est. Notional

$20,006.00–$125,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
6

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth trends compared to previous quarters.
2Insights into operational efficiencies that may impact future profitability.
3Management's outlook on market conditions and competitive landscape.
4Details on any new service offerings or expansions.
5Responses to questions about recent insider buying activity.