Comfort Systems (FIX) closed at $714.47 in the latest trading session, marking a +1.15% move from the prior day. This change outpaced the S&P 500's 0.21% gain on the day. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the heating, ventilation and air conditioning company had gained 2.1% in the past month. In that same time, the Construction sector gained 5.51%, while the S&P 500 gained 3.07%.
The upcoming earnings release of Comfort Systems will be of great interest to investors. The company is forecasted to report an EPS of $5.4, showcasing a 32.03% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.05 billion, indicating a 13.18% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $21.04 per share and a revenue of $8 billion, indicating changes of +44.11% and +13.86%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Comfort Systems. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Comfort Systems is currently a Zacks Rank #1 (Strong Buy).
Looking at valuation, Comfort Systems is presently trading at a Forward P/E ratio of 33.57. This indicates a premium in contrast to its industry's Forward P/E of 30.68.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 42, finds itself in the top 18% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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