Back to top

Image: Bigstock

Why Comfort Systems (FIX) Dipped More Than Broader Market Today

Read MoreHide Full Article

Comfort Systems (FIX - Free Report) ended the recent trading session at $804.24, demonstrating a -2.12% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.55%. At the same time, the Dow lost 0.19%, and the tech-heavy Nasdaq lost 0.95%.

The stock of heating, ventilation and air conditioning company has risen by 18.87% in the past month, leading the Construction sector's loss of 1.4% and the S&P 500's gain of 3.64%.

Market participants will be closely following the financial results of Comfort Systems in its upcoming release. The company's earnings per share (EPS) are projected to be $5.94, reflecting a 45.23% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.09 billion, indicating a 15.51% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $22.25 per share and a revenue of $8.12 billion, demonstrating changes of +52.4% and +15.51%, respectively, from the preceding year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Comfort Systems. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.97% higher. Comfort Systems is holding a Zacks Rank of #1 (Strong Buy) right now.

In the context of valuation, Comfort Systems is at present trading with a Forward P/E ratio of 36.93. This valuation marks a premium compared to its industry average Forward P/E of 29.82.

The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 42% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Comfort Systems USA, Inc. (FIX) - free report >>

Published in