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Comfort Systems (FIX) Stock Moves -0.78%: What You Should Know
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In the latest market close, Comfort Systems (FIX - Free Report) reached $303.76, with a -0.78% movement compared to the previous day. This change was narrower than the S&P 500's daily loss of 0.95%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 0.84%.
Heading into today, shares of the heating, ventilation and air conditioning company had gained 1.36% over the past month, lagging the Construction sector's gain of 1.9% and the S&P 500's gain of 1.78% in that time.
The upcoming earnings release of Comfort Systems will be of great interest to investors. In that report, analysts expect Comfort Systems to post earnings of $2.26 per share. This would mark year-over-year growth of 49.67%.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Comfort Systems currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Comfort Systems is currently trading at a Forward P/E ratio of 26.81. This valuation marks a discount compared to its industry's average Forward P/E of 30.76.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 5, placing it within the top 2% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Comfort Systems (FIX) Stock Moves -0.78%: What You Should Know
In the latest market close, Comfort Systems (FIX - Free Report) reached $303.76, with a -0.78% movement compared to the previous day. This change was narrower than the S&P 500's daily loss of 0.95%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 0.84%.
Heading into today, shares of the heating, ventilation and air conditioning company had gained 1.36% over the past month, lagging the Construction sector's gain of 1.9% and the S&P 500's gain of 1.78% in that time.
The upcoming earnings release of Comfort Systems will be of great interest to investors. In that report, analysts expect Comfort Systems to post earnings of $2.26 per share. This would mark year-over-year growth of 49.67%.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Comfort Systems currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Comfort Systems is currently trading at a Forward P/E ratio of 26.81. This valuation marks a discount compared to its industry's average Forward P/E of 30.76.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 5, placing it within the top 2% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.