Latest news with #ComfortSystems
Yahoo
6 hours ago
- Business
- Yahoo
Comfort Systems (FIX) Is Up 6.75% in One Week: What You Should Know
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Comfort Systems (FIX), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Comfort Systems currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if FIX is a promising momentum pick, let's examine some Momentum Style elements to see if this heating, ventilation and air conditioning company holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For FIX, shares are up 6.75% over the past week while the Zacks Building Products - Air Conditioner and Heating industry is up 0.41% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.95% compares favorably with the industry's 0.18% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of Comfort Systems have risen 44.75%, and are up 63.11% in the last year. In comparison, the S&P 500 has only moved 4.46% and 13.71%, respectively. Investors should also pay attention to FIX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. FIX is currently averaging 338,798 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with FIX. Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FIX's consensus estimate, increasing from $17.87 to $19.28 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that FIX is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Comfort Systems on your short list. 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 Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
a day ago
- Business
- Yahoo
Winners And Losers Of Q1: Matrix Service (NASDAQ:MTRX) Vs The Rest Of The Construction and Maintenance Services Stocks
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Matrix Service (NASDAQ:MTRX) and the best and worst performers in the construction and maintenance services industry. Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies' offerings. The 13 construction and maintenance services stocks we track reported a very strong Q1. As a group, revenues beat analysts' consensus estimates by 5.2%. Luckily, construction and maintenance services stocks have performed well with share prices up 24.6% on average since the latest earnings results. Founded in Oklahoma, Matrix Service (NASDAQ:MTRX) provides engineering, fabrication, construction, and maintenance services primarily to the energy and industrial markets. Matrix Service reported revenues of $200.2 million, up 20.6% year on year. This print fell short of analysts' expectations by 6.9%. Overall, it was a disappointing quarter for the company with full-year revenue guidance missing analysts' expectations. 'Our third quarter results reflect accelerating revenue, supported by backlog growth which advances our return to profitability and enhances our visibility into future earnings,' said John Hewitt, President and Chief Executive Officer of Matrix Service Company. Matrix Service delivered the weakest performance against analyst estimates and weakest full-year guidance update of the whole group. Interestingly, the stock is up 1.8% since reporting and currently trades at $12.46. Read our full report on Matrix Service here, it's free. Formed through the merger of 12 companies, Comfort Systems (NYSE:FIX) provides mechanical and electrical contracting services. Comfort Systems reported revenues of $1.83 billion, up 19.1% year on year, outperforming analysts' expectations by 4.2%. The business had an incredible quarter with an impressive beat of analysts' backlog estimates and a solid beat of analysts' EPS estimates. The market seems happy with the results as the stock is up 36% since reporting. It currently trades at $512.18. Is now the time to buy Comfort Systems? Access our full analysis of the earnings results here, it's free. Going public via SPAC in 2018, Concrete Pumping (NASDAQ:BBCP) is a provider of concrete pumping and waste management services in the United States and the United Kingdom. Concrete Pumping reported revenues of $93.96 million, down 12.2% year on year, falling short of analysts' expectations by 4%. It was a disappointing quarter as it posted full-year revenue guidance missing analysts' expectations. Concrete Pumping delivered the slowest revenue growth in the group. As expected, the stock is down 12.3% since the results and currently trades at $6.20. Read our full analysis of Concrete Pumping's results here. Originally focusing on mobile offices for construction sites, WillScot (NASDAQ:WSC) provides ready-to-use temporary spaces, largely for longer-term lease. WillScot Mobile Mini reported revenues of $559.6 million, down 4.7% year on year. This result lagged analysts' expectations by 0.5%. It was a slower quarter as it also produced a significant miss of analysts' EPS estimates. The stock is up 10.3% since reporting and currently trades at $28.22. Read our full, actionable report on WillScot Mobile Mini here, it's free. Constructing electrical and phone lines in the American Midwest dating back to the 1890s, MYR Group (NASDAQ:MYRG) is a specialty contractor in the electrical construction industry. MYR Group reported revenues of $833.6 million, up 2.2% year on year. This print surpassed analysts' expectations by 5%. It was a very strong quarter as it also put up an impressive beat of analysts' adjusted operating income estimates. The stock is up 35.9% since reporting and currently trades at $165.57. Read our full, actionable report on MYR Group here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Comfort Systems (FIX) Rises Higher Than Market: Key Facts
The most recent trading session ended with Comfort Systems (FIX) standing at $510.52, reflecting a +2.28% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 1.03% for the day. Meanwhile, the Dow experienced a rise of 1.05%, and the technology-dominated Nasdaq saw an increase of 1.2%. Coming into today, shares of the heating, ventilation and air conditioning company had gained 13.66% in the past month. In that same time, the Construction sector gained 3.58%, while the S&P 500 gained 5.27%. Analysts and investors alike will be keeping a close eye on the performance of Comfort Systems in its upcoming earnings disclosure. The company is expected to report EPS of $4.44, up 18.72% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.92 billion, up 6.06% from the year-ago period. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.93 per share and a revenue of $7.65 billion, indicating changes of +29.66% and +8.83%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for Comfort Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.72% increase. Currently, Comfort Systems is carrying a Zacks Rank of #2 (Buy). Looking at valuation, Comfort Systems is presently trading at a Forward P/E ratio of 26.37. This indicates a discount in contrast to its industry's Forward P/E of 31.16. The Building Products - Air Conditioner and Heating industry is part of the Construction sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 29% of all industries, numbering over 250. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. 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 Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Comfort Systems (FIX) Advances While Market Declines: Some Information for Investors
In the latest trading session, Comfort Systems (FIX) closed at $499.13, marking a +0.1% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.53%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%. Heading into today, shares of the heating, ventilation and air conditioning company had gained 15.38% over the past month, outpacing the Construction sector's gain of 3.1% and the S&P 500's gain of 5.17% in that time. Analysts and investors alike will be keeping a close eye on the performance of Comfort Systems in its upcoming earnings disclosure. On that day, Comfort Systems is projected to report earnings of $4.44 per share, which would represent year-over-year growth of 18.72%. In the meantime, our current consensus estimate forecasts the revenue to be $1.92 billion, indicating a 6.06% growth compared to the corresponding quarter of the prior year. FIX's full-year Zacks Consensus Estimates are calling for earnings of $18.93 per share and revenue of $7.65 billion. These results would represent year-over-year changes of +29.66% and +8.83%, respectively. It is also important to note the recent changes to analyst estimates for Comfort Systems. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.72% higher. At present, Comfort Systems boasts a Zacks Rank of #2 (Buy). Looking at valuation, Comfort Systems is presently trading at a Forward P/E ratio of 26.35. This expresses a discount compared to the average Forward P/E of 31.36 of its industry. The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on 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 Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Brokers Suggest Investing in Comfort Systems (FIX): Read This Before Placing a Bet
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Comfort Systems (FIX). Comfort Systems currently has an average brokerage recommendation (ABR) of 1.33, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.33 approximates between Strong Buy and Buy. Of the six recommendations that derive the current ABR, five are Strong Buy, representing 83.3% of all recommendations. Check price target & stock forecast for Comfort Systems here>>>While the ABR calls for buying Comfort Systems, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. In terms of earnings estimate revisions for Comfort Systems, the Zacks Consensus Estimate for the current year has increased 1.7% over the past month to $18.93. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Comfort Systems. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Comfort Systems may serve as a useful guide for investors. 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 Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
