We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Comfort Systems (FIX) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
Comfort Systems (FIX - Free Report) closed the most recent trading day at $825.18, moving +2.92% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.41%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 0.31%.
Coming into today, shares of the heating, ventilation and air conditioning company had gained 13.99% in the past month. In that same time, the Construction sector lost 0.35%, while the S&P 500 gained 3.15%.
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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $22.25 per share and revenue of $8.12 billion, indicating changes of +52.4% and +15.51%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Comfort Systems should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 witnessed a 1.97% increase. At present, Comfort Systems boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Comfort Systems is currently exchanging hands at a Forward P/E ratio of 36.04. This signifies a premium in comparison to the average Forward P/E of 30.41 for its industry.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 212, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Comfort Systems (FIX) Rises Higher Than Market: Key Facts
Comfort Systems (FIX - Free Report) closed the most recent trading day at $825.18, moving +2.92% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.41%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 0.31%.
Coming into today, shares of the heating, ventilation and air conditioning company had gained 13.99% in the past month. In that same time, the Construction sector lost 0.35%, while the S&P 500 gained 3.15%.
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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $22.25 per share and revenue of $8.12 billion, indicating changes of +52.4% and +15.51%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Comfort Systems should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 witnessed a 1.97% increase. At present, Comfort Systems boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Comfort Systems is currently exchanging hands at a Forward P/E ratio of 36.04. This signifies a premium in comparison to the average Forward P/E of 30.41 for its industry.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 212, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.