Firstservice Earnings Preview: Can This Streak Finally End?

Firstservice (NASDAQ:FSRV) will report earnings before markets open on Friday, April 26th. FirstService Corporation provides specialized property and business services to corporate, government, and residential customers throughout North America. These services include community association management, security, lawn care, franchising, business outsourcing, and specialized trade material fulfillment.

Here is your Cheat Sheet to Firstservice Earnings:

Earnings Expectations: Analysts expect earnings of $-0.02 per share on revenues of $510.37 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.53 to a profit $0.44. For the current year, the average estimate is a profit of $1.83, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Firstservice has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 417.86 1,703 1,986 2,224 2,306
Diluted EPS ($) 1.36 -1.87 0.11 2.03 -0.12

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 594.89 490.06 593.19 589.75 632.53
Diluted EPS ($) 2.01 -0.55 0.28 0.00 0.14

Past Performance:
Firstservice has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)