Comfort Systems (FIX) closed the most recent trading day at $825.18, moving +2.92% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.41%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 0.31%.
Coming into today, shares of the heating, ventilation and air conditioning company had gained 13.99% in the past month. In that same time, the Construction sector lost 0.35%, while the S&P 500 gained 3.15%.
Market participants will be closely following the financial results of Comfort Systems in its upcoming release. The company's earnings per share (EPS) are projected to be $5.94, reflecting a 45.23% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.09 billion, indicating a 15.51% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $22.25 per share and revenue of $8.12 billion, indicating changes of +52.4% and +15.51%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Comfort Systems should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.97% increase. At present, Comfort Systems boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Comfort Systems is currently exchanging hands at a Forward P/E ratio of 36.04. This signifies a premium in comparison to the average Forward P/E of 30.41 for its industry.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 212, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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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