Why Is FIRSTSERVICE CORP NE (FSV) Stock Down Today?

FirstService Corp NE (FSV) fell 10.61% to $126.61 in morning trading on July 23, 2026, following the release of its second quarter 2026 earnings report. The stock opened with a 3.7% gap down from the prior close and quickly declined further, hitting a session low of $126.20. The move reflects investor disappointment with the company's revenue performance despite a slight beat on non-GAAP earnings per share.

What Happened

FirstService reported non-GAAP earnings per share of $1.75, exceeding estimates by $0.02. However, revenue came in at $1.45 billion, missing expectations by $40 million. The company's shares initially rose 5% in the premarket following the report, but the positive momentum reversed as traders focused on the revenue shortfall. The earnings report also included a dividend of $0.305 per share, effective June 30, 2026. Additional context from external reports noted that FirstService's adjusted EPS beat estimates of $1.73, while sales fell short of the $1.486 billion forecast. The stock is now trading near its 52-week low of $119.41.

What The Data Shows

The stock opened at $136.45, a sharp decline from the prior close of $141.63. The session saw a high of $136.51 at 9:30 AM ET, followed by a rapid drop to $126.20 by 9:55 AM ET. Volume so far is 0.1 million shares, or half of the 3-month average. The stock has a market cap of $6.6 billion, a P/E ratio of 39.9, and a 52-week range of $119.41 to $209.66. Recent congressional trades show 11 buys in the last 90 days, with no sales, and the most recent filing was on July 2, 2026.

What To Watch

Investors should monitor the earnings report scheduled for July 23, 2026, as well as the broader market reaction to the revenue miss. Analyst coverage remains mixed, with some maintaining positive outlooks while others have lowered price targets.