Comfort Systems (FIX) closed the most recent trading day at $1,269.63, moving -1.09% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.33%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
Prior to today's trading, shares of the heating, ventilation and air conditioning company had gained 23.64% outpaced the Construction sector's gain of 7.5% and the S&P 500's loss of 0%.
The upcoming earnings release of Comfort Systems will be of great interest to investors. The company is predicted to post an EPS of $6.77, indicating a 65.53% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.28 billion, reflecting a 22.29% rise from the equivalent quarter last year.
FIX's full-year Zacks Consensus Estimates are calling for earnings of $26.31 per share and revenue of $8.74 billion. These results would represent year-over-year changes of +80.21% and +24.36%, respectively.
It is also important to note the 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 suggests that these changes in estimates have a direct relationship with upcoming 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, 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 past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Comfort Systems is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Comfort Systems currently has a Forward P/E ratio of 41.93. This expresses a premium compared to the average Forward P/E of 26.54 of its industry.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 224, placing it within the bottom 9% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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