Bull of the Day: Comfort Systems USA (FIX)

Comfort Systems USA FIX provides comprehensive heating, ventilation, and air conditioning installation, maintenance, repair, and replacement services. The company provides chillers, cooling towers, and other critical components found within data centers.The stock boasts a Zacks Rank #1 (Strong Buy), with analysts positively revising their EPS expectations nearly across the board over recent months.Image Source: Zacks Investment ResearchIn addition to favorable earnings estimate revisions, the stock resides in the Zacks Building Products – Air Conditioner and Heating industry, which is currently ranked in the top 17% of all Zacks industries. Let’s take a closer look at how the stock presently stacks up.Quiet AI PlayFIX shares represent a nice opportunity to obtain exposure to the AI infrastructure buildout thanks to its products utilized in data centers, which reflect a massive tailwind for the near and long-term picture for the stock.Some in the market have caught on to the company’s favorable stance, with shares up 38% over the last year and widely outperforming relative to the S&P 500.Image Source: Zacks Investment ResearchThe company’s quarterly results have regularly been robust over recent periods, with FIX enjoying supercharged growth. Sales of $1.8 billion and adjusted EPS of $4.75 in its latest release crushed our consensus estimates, reflecting growth rates of 20% and 75%, respectively.As shown below, FIX’s sales growth has been stellar, underpinned by a growing backlog. FIX’s backlog at the end of its latest period totaled a sizable $6.9 billion, well above the $5.9 billion print in the same period last year.Image Source: Zacks Investment ResearchAnd for those with an appetite for income, FIX shares have you covered, currently yielding a respectable 0.3% annually. While the current yield may not be steep, the company’s 33% five-year annualized dividend growth rate helps bridge the gap nicely, underpinning its commitment to increasingly rewarding shareholders.Bottom LineInvestors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.Comfort Systems USA FIX is currently a Zack Rank #1 (Strong Buy).5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Comfort Systems USA, Inc. (FIX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks