Comfort Systems (FIX – Free Report) ended the recent trading session at $312.21, demonstrating a +0.03% swing from the preceding day’s closing price. The stock’s change was more than the S&P 500’s daily loss of 1.57%. At the same time, the Dow lost 0.84%, and the tech-heavy Nasdaq lost 2.15%.
Prior to today’s trading, shares of the heating, ventilation and air conditioning company had lost 0.36% over the past month. This has was narrower than the Construction sector’s loss of 11.78% and the S&P 500’s loss of 12.16% in that time.
The investment community will be paying close attention to the earnings performance of Comfort Systems in its upcoming release. The company is forecasted to report an EPS of $3.66, showcasing a 36.06% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.7 billion, indicating a 10.81% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.87 per share and revenue of $7.55 billion. These totals would mark changes of +22.4% and +7.42%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Comfort Systems. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts’ positivity towards the company’s business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Comfort Systems is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Comfort Systems is currently trading at a Forward P/E ratio of 17.47. This represents a discount compared to its industry’s average Forward P/E of 24.7.
The Building Products – Air Conditioner and Heating industry is part of the Construction sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FIX in the coming trading sessions, be sure to utilize Zacks.com.
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