In the latest trading session, Comfort Systems (FIX) closed at $704.44, marking a -3.5% move from the previous day. This change lagged the S&P 500's 0.64% loss on the day. Meanwhile, the Dow experienced a drop of 0.2%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
The heating, ventilation and air conditioning company's stock has climbed by 3.8% in the past month, exceeding the Construction sector's gain of 2.53% and the S&P 500's gain of 1.91%.
The investment community will be paying close attention to the earnings performance of Comfort Systems in its upcoming release. On that day, Comfort Systems is projected to report earnings of $5.35 per share, which would represent year-over-year growth of 30.81%. In the meantime, our current consensus estimate forecasts the revenue to be $2.05 billion, indicating a 13.18% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $22.08 per share and revenue of $8 billion. These totals would mark changes of +51.23% and +13.86%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Comfort Systems. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.94% higher. Comfort Systems presently features a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Comfort Systems currently has a Forward P/E ratio of 33.06. This indicates a premium in contrast to its industry's Forward P/E of 30.85.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Comfort Systems USA, Inc. (FIX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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