Fiera Capital's recent earnings report reveals a significant miss on EPS estimates, raising concerns among investors.
Fiera Capital Corporation (TSX: FSZ) reported its second-quarter earnings for the fiscal period ending June 30, 2026, on August 7, 2026. The company posted an earnings per share (EPS) of C$0.21, falling short of analyst expectations of C$0.24, marking a surprise of -12.5%. This miss has drawn attention to the firm's financial health and market position as it navigates a challenging landscape.
Recent earnings trend
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Fiera Capital Corporation
FSZ.TO
FSZ.TO
Fiera Capital Corporation
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Market cap
$506.46M
P/E
25.0x
Div. yield
8.52%
Div. / share
$0.43
52W high
$6.63
52W low
$4.59
1W change
-4.43%
Beta
0.86
Analyst Price Targets
Based on analyst covering FSZ
Wall Street analysts forecast FSZ stock price to rise 20.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$5.71
+20.2% Upside
Current Price
C$4.75
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FSZ's historical volatility
30-Day Vol
38.2%
Annualized
90-Day Vol
29.4%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$3.97
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$4.48 | C$3.92 โ C$5.11 |
| 60 trading days | C$4.22 | C$3.50 โ C$5.08 |
| 90 trading days | C$3.97 | C$3.16 โ C$4.99 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-12 | โ | 0.2200 | โ |
| 2026-06-30 | 2026-08-07 | 0.2100 | 0.2400 | -12.5% |
| 2026-03-31 | 2026-05-15 | 0.2100 | 0.2100 | +0.0% |
| 2025-12-31 | 2026-02-26 | 0.2400 | 0.2800 | -14.3% |
| 2025-09-30 | 2025-11-13 | 0.2300 | 0.2200 | +4.5% |
| 2025-06-30 | 2025-08-08 | 0.2400 | 0.1900 | +26.3% |
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Investor takeaway: Investors should consider the implications of Fiera's earnings miss and the challenges it faces with asset management and client rebalancing. The firm's ability to adapt and grow in a competitive market will be crucial for future performance.
EPS Misses Estimates by 12.5%
Fiera Capital's EPS of C$0.21 was below the estimated C$0.24, reflecting ongoing challenges in the asset management sector.
Bull case
Fiera Capital is showing some resilience despite the challenges. The firm has seen a slight increase in assets under management and is strategically growing in private markets. By expanding its offerings and strengthening client relationships, Fiera could pave the way for future growth.
Bear case
However, the significant outflows from public markets and the earnings miss suggest there might be deeper issues with the firm's management strategies. Ongoing pressure from client rebalancing and market challenges could hinder its growth prospects.
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