Yahoo Finance Why Comfort Systems (FIX) Outpaced the Stock Market Today
The latest trading session saw Comfort Systems (FIX) ending at $315.93, denoting a +0.78% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.09%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.3%.
Shares of the heating, ventilation and air conditioning company have depreciated by 7.22% over the course of the past month, underperforming the Construction sector's loss of 5% and the S&P 500's gain of 3.38%.
The upcoming earnings release of Comfort Systems will be of great interest to investors. The company's earnings per share (EPS) are projected to be $3.04, reflecting a 57.51% increase from the same quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Comfort Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Comfort Systems is currently a Zacks Rank #1 (Strong Buy).
From a valuation perspective, Comfort Systems is currently exchanging hands at a Forward P/E ratio of 26.34. This denotes a discount relative to the industry's average Forward P/E of 32.79.
The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This group has a Zacks Industry Rank of 59, putting it in the top 24% 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.
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 USA, Inc. (FIX) : Free Stock Analysis Report
