Why the Market Dipped But Comfort Systems (FIX) Gained Today

The latest trading session saw Comfort Systems (FIX) ending at $356.21, denoting a +1.31% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.39%, and the tech-heavy Nasdaq lost 0.05%.Coming into today, shares of the heating, ventilation and air conditioning company had gained 1.52% in the past month. In that same time, the Construction sector lost 5.56%, while the S&P 500 lost 3.94%.Investors will be eagerly watching for the performance of Comfort Systems in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.66, signifying a 36.06% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.7 billion, reflecting a 10.81% rise from the equivalent quarter last year.For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $17.87 per share and a revenue of $7.55 billion, representing changes of +22.4% and +7.42%, respectively, from the prior year.Investors should also pay attention to any latest changes in analyst estimates for Comfort Systems. Recent revisions tend to reflect the latest 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Comfort Systems is carrying a Zacks Rank of #3 (Hold).In the context of valuation, Comfort Systems is at present trading with a Forward P/E ratio of 19.67. Its industry sports an average Forward P/E of 27.43, so one might conclude that Comfort Systems is trading at a discount comparatively.The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 33% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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