Comfort Systems (FIX) closed the most recent trading day at $816.53, moving -1.08% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.38%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.67%.
The stock of heating, ventilation and air conditioning company has risen by 15.3% in the past month, leading the Construction sector's loss of 1.68% and the S&P 500's gain of 4.06%.
Investors will be eagerly watching for the performance of Comfort Systems in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $5.94, reflecting a 45.23% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $2.09 billion, indicating a 15.51% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $22.25 per share and a revenue of $8.12 billion, demonstrating changes of +52.4% and +15.51%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Comfort Systems. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. The Zacks Consensus EPS estimate has moved 1.97% higher within the past month. Comfort Systems currently has a Zacks Rank of #3 (Hold).
Investors should also note Comfort Systems's current valuation metrics, including its Forward P/E ratio of 37.1. For comparison, its industry has an average Forward P/E of 31.19, which means Comfort Systems is trading at a premium to the group.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 211, finds itself in the bottom 15% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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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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