Comfort Systems Earnings: What To Look For From FIX

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

FIX Cover Image

HVAC and electrical contractor Comfort Systems (NYSE: FIX) will be reporting results tomorrow after market close. Here’s what to expect.

Comfort Systems beat analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $1.87 billion, up 37.6% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EBITDA estimates.

Is Comfort Systems a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Comfort Systems’s revenue to grow 14.4% year on year to $1.76 billion, slowing from the 30.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.71 per share.

Comfort Systems Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Comfort Systems has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4.6% on average.

With Comfort Systems being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for construction and engineering stocks. However, the whole sector has faced a sell-off over the last month with stocks in Comfort Systems’s peer group down 7.7% on average. Comfort Systems is down 4.3% during the same time and is heading into earnings with an average analyst price target of $493 (compared to the current share price of $357).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  259.23
-3.81 (-1.45%)
AAPL  273.20
+3.03 (1.12%)
AMD  350.45
+13.34 (3.96%)
BAC  53.49
+0.61 (1.15%)
GOOG  373.87
+26.56 (7.65%)
META  608.32
-60.80 (-9.09%)
MSFT  401.03
-23.43 (-5.52%)
NVDA  200.17
-9.08 (-4.34%)
ORCL  162.11
-1.72 (-1.05%)
TSLA  377.77
+4.97 (1.33%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.