The most recent trading session ended with Comfort Systems (FIX – Free Report) standing at $363.33, reflecting a +1.88% shift from the previouse trading day’s closing. This move outpaced the S&P 500’s daily gain of 1.59%. Elsewhere, the Dow saw an upswing of 1.39%, while the tech-heavy Nasdaq appreciated by 1.63%.
Prior to today’s trading, shares of the heating, ventilation and air conditioning company had lost 17.8% over the past month. This has lagged the Construction sector’s loss of 9.68% and the S&P 500’s loss of 2.42% in that time.
The upcoming earnings release of Comfort Systems will be of great interest to investors. The company is predicted to post an EPS of $3.66, indicating a 36.06% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.7 billion, up 10.81% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $17.87 per share and revenue of $7.55 billion, indicating changes of +22.4% and +7.42%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Comfort Systems. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.02% increase. As of now, Comfort Systems holds a Zacks Rank of #3 (Hold).
In terms of valuation, Comfort Systems is currently trading at a Forward P/E ratio of 19.96. This signifies a discount in comparison to the average Forward P/E of 26.81 for 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 37, placing it within the top 15% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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