Can Earnings Keep Growing At FirstService Corp (NASDAQ:FSRV)?

by Tom Carlson | Wednesday, Mar 19, 2014 | 865 views

Boston, MA, 03/19/2014 – FirstService Corp (NASDAQ:FSRV) is a real estate services company. The company serves residential, commercial and institutional clients in North America and around the world. The stock is currently trending upward; in fact, it has breached key moving averages and is even setting record-high prices.

Real estate industry is among the most exciting industries today and FirstService seems to be making good of every bit of that excitement. The stock is powered both by growing positive industry sentiments and improving fundamentals in the company.

Talk about solid fundamentals and the company has made it a routine when in comes to positing compelling earnings growth. The stock concluded last fiscal year with earnings per share growth of 24.7 percent, and there are no signs of fatigue yet, thus, greater improvements are possible this year.

Strong position

Looking at the earnings estimates for the current year, the company is expected to achieve EPS growth of 29.1 percent. And on the long haul, the stock is expected to experience long-term growth of 15 percent. These figures are quite impressive compared with what rivals and peers in the industry are modeled to attain in the long-term.

Analyst estimates

Earnings estimates for the stock have seen upward revisions in the last 30 days. And so have been ratings and price objectives. FirstService Corp (NASDAQ:FSRV) currently carries Zacks consensus rating of buy.  These estimates and ratings adjustments perfectly underscore the potentials for the company to outperform.

Bottom line

If you are looking for a stock that shows fast growth and comes with plenty of opportunities, then FirstService Corp (NASDAQ:FSRV) fits the bill. The stock boasts potential double digit growth in ESP and its rating and price objectives are witnessing strong adjustments.

Shares closed at $49.23, up 0.82 percent in the previous session. The shares traded in the brackets of $29 low and $50.10 high in the past one-year. The Tuesday session saw the stock establishing another 52-week high.

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