In the latest close session, Comfort Systems (FIX) was up +1.17% at $1,148.00. This move outpaced the S&P 500's daily gain of 1.16%. At the same time, the Dow added 1.21%, and the tech-heavy Nasdaq gained 1.18%.
The stock of heating, ventilation and air conditioning company has risen by 17.55% in the past month, leading the Construction sector's gain of 5.32% and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Comfort Systems in its upcoming earnings disclosure. The company is predicted to post an EPS of $6.77, indicating a 65.53% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.28 billion, up 22.29% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $26.31 per share and a revenue of $8.74 billion, representing changes of +80.21% and 0%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Comfort Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Comfort Systems is currently a Zacks Rank #3 (Hold).
In the context of valuation, Comfort Systems is at present trading with a Forward P/E ratio of 37.07. For comparison, its industry has an average Forward P/E of 24.64, 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. At present, this industry carries a Zacks Industry Rank of 100, placing it within the top 41% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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