alacatr/iStock via Getty Images Comfort Systems USA (NYSE:FIX) is set to benefit from long-term strong growth expectations for the global mechanical, electrical, and plumbing market through the remainder of the decade. Comfort Systems has strong growth expectations for this year and beyond. FIX is experiencing strong demand from commercial customers in key industries such as technology, which is likely to drive growth going forward. The stock is reasonably priced according to a key growth valuation metric, ...

The latest trading session saw Comfort Systems (FIX) ending at $316.31, denoting a -1.89% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.16% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.18%. The heating, ventilation and air conditioning company's shares have seen a decrease of 2.49% over the last month, surpassing the Construction sector's loss of 4.52% and falling behind the S&P ...

Shares of the heating, ventilation and air conditioning company have depreciated by 6.12% over the course of the past month, underperforming the Construction sector's loss of 3.41% and the S&P 500's gain of 3.96%. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. In terms of valuation, Comfort Systems is c ...

The latest trading session saw Comfort Systems (FIX) ending at $335.22, denoting a -0.79% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.6%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw a decrease of 1.08%. Prior to today's trading, shares of the heating, ventilation and air conditioning company had gained 11.91% over the past month. This has outpaced the Construction sector's loss of 0.86% and the S&P 500's g ...

Comfort Systems (FIX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FIX broke through the 20-day moving average, which suggests a short-term bullish trend. The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages. Sim ...

Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Comfort Systems is 27%, investors should actually focus on the projected growth. The company's EPS is expected to grow 36.2% this year, crushing the industry average, wh ...

The spring season is in full bloom.It’s a good time for a tune-up to the old A/C unit, as the last thing we want before the summer heat hits is to find out we have a freon leak or some other issue. I’ve been there before and trust me, you never know how much you miss cool air in ninety-degree heat until something goes wrong with your condenser.It’s also a good time to evaluate our portfolios. Just as our outer world experiences the ebbs and flows of nature, stocks move in and out of favor as earnings cycles ...

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.Even though momentum is a popular stock char ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

Financial Performance - Revenue for Q1 2024 was $1,537,016, an increase of 30.8% compared to $1,174,640 in Q1 2023[13] - Gross profit for Q1 2024 was $297,363, representing a gross margin of 19.4%, up from $205,405 in Q1 2023[13] - Net income for Q1 2024 was $96,319, a 68.4% increase from $57,216 in Q1 2023[13] - Basic earnings per share for Q1 2024 increased to $2.70, compared to $1.60 in Q1 2023[13] - Consolidated revenue for Q1 2024 was $1,537,016, a 30.9% increase from $1,174,640 in Q1 2023[54] - Gross profit for the consolidated entity was $297,363,000 for the three months ended March 31, 2024, compared to $205,405,000 for the same period in 2023, a growth of about 44.7%[115] - Revenue for Q1 2024 increased by $362.4 million, or 30.8%, to $1.54 billion compared to Q1 2023, driven by a 22.7% increase in same-store activity[146] - The mechanical segment revenue for Q1 2024 increased by $266.4 million, or 29.0%, to $1,185.0 million, with $178.9 million attributed to same-store activity[147] - The electrical segment revenue for Q1 2024 increased by $96.0 million, or 37.5%, to $352.0 million, primarily due to increased activity in the technology and manufacturing sectors[148] Assets and Liabilities - Total current assets rose to $2,048,189 as of March 31, 2024, up from $1,911,100 at the end of 2023[11] - Total assets increased to $3,902,829 as of March 31, 2024, compared to $3,305,579 at the end of 2023[11] - Total liabilities increased to $2,530,293 as of March 31, 2024, from $2,027,750 at the end of 2023[11] - Cash and cash equivalents decreased to $100,792 as of March 31, 2024, down from $205,150 at the end of 2023[11] - The outstanding balance of notes to former owners is $89.1 million, with future principal payments scheduled as follows: $4.8 million in 2024, $21.645 million in 2025, $31.625 million in 2026, $26 million in 2027, and $5 million in 2028[180]. Cash Flow - Net cash provided by operating activities for Q1 2024 was $146,557, compared to $126,909 in Q1 2023[19] - Cash used in investing activities for Q1 2024 was $221,648, significantly higher than $68,945 in Q1 2023, primarily due to cash paid for acquisitions[19] - Free cash flow for Q1 2024 was $122.6 million, compared to $111.0 million in Q1 2023[170] - Cash provided by operating activities was $146.6 million in Q1 2024, up from $126.9 million in Q1 2023, driven by higher pre-tax income and increases in accounts payable[167] - Cash paid for amounts included in the measurement of operating lease liabilities was $9,466,000 for the three months ended March 31, 2024, compared to $7,024,000 for the same period in 2023, representing a year-over-year increase of approximately 34.8%[100] Acquisitions - The acquisition of Summit Industrial Construction, LLC on February 1, 2024, involved a total consideration of $359,827, including cash and contingent earn-out payments[69] - The total preliminary purchase price for DECCO, Inc. acquisition was $59.8 million, including $48.8 million in cash paid at closing[80] - The total purchase price for Eldeco, Inc. acquisition was $74.0 million, including $60.8 million in cash paid at closing[81] - The fair value of identifiable intangible assets acquired from Summit was estimated at $170,100, with customer relationships valued at $123,000[71] - The contingent earn-out obligation from the Summit acquisition is tied to four earnings milestones, with payments ranging from $2.6 million to $20.5 million[73] Backlog and Performance Obligations - Remaining performance obligations totaled $5.91 billion, with an expectation to recognize 65-75% of this amount over the next 12 months[60] - The backlog as of March 31, 2024, was $5.91 billion, a 14.6% increase from $5.16 billion as of December 31, 2023, and a 33.0% increase from $4.44 billion as of March 31, 2023[150] - Approximately 10% to 20% of the company's business has historically required performance and payment bonds, which could be affected by future market conditions[184] Tax and Compliance - The company filed its 2022 federal tax return in October 2023, requesting a refund of $107.1 million for an overpayment, which has not been received as of March 31, 2024[38] - The provision for income taxes for Q1 2024 was $26.7 million with an effective tax rate of 21.7%, compared to $8.6 million and 13.1% in Q1 2023[158] - The company’s effective tax rate is influenced by profitability across various jurisdictions and can be impacted by discrete items such as tax law changes and judgments[36] Operational Insights - The company expects continued pressure on costs and availability of skilled labor throughout 2024[135] - The company has generated positive net free cash flow for the last twenty-five calendar years, indicating strong financial resilience[181] - The company maintains reasonable cash balances and significant borrowing capacity, which are expected to provide sufficient liquidity for operations in the foreseeable future[182] - There have been no changes in internal control over financial reporting that materially affected the company's financial reporting during the three months ended March 31, 2024[191] Shareholder Activities - The company has repurchased a cumulative total of 10.3 million shares at an average price of $26.29 per share under the stock repurchase program as of March 31, 2024[171] - During the three months ended March 31, 2024, the company repurchased less than 0.1 million shares for approximately $0.3 million at an average price of $196.89 per share[200]