Investing in growth stocks that have the potential to double your money can be a difficult task. It involves conducting extensive due diligence and being patient as you navigate the market's ups and downs. For investors looking towards the end of the decade, several sectors have the potential to create multibaggers. This includes industries such as artificial intelligence, renewable energy, healthcare, and infrastructure, to name a few. Moreover, companies may benefit from industry or company-specific tailw ...

Comfort Systems (FIX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $1.8 billion, an increase of $514 million or 40% compared to last year [44] - Net income for Q2 2024 was $134 million or $3.74 per share, a 90% improvement from last year [47] - Operating income increased by over 100% from $92 million in Q2 2023 to $185 million in Q2 2024 [46] - EBITDA doubled to $223 million this quarter from $112 million in Q2 2023 [33] Business Line Data and Key Metrics Changes - Mechanical segment revenue increased by 49%, benefiting from organic construction and service growth [44] - Electrical segment revenue increased by 12%, with margins in this segment jumping to 23.6% from 17% last year [45] - Modular construction accounted for 18% of total revenue, with service revenue at 16% [65] Market Data and Key Metrics Changes - Industrial customers accounted for 60% of total revenue in the first half of 2024, driving pipeline and backlog [2] - The company reported a backlog of $5.8 billion, a 38% increase year-over-year [64] - Technology, included in industrial, represented 31% of revenue, up from 20% the prior year [36] Company Strategy and Development Direction - The company is focusing on project selection to maintain margins and is optimistic about future growth due to strong demand in various sectors [28][11] - Management emphasized the importance of maintaining good working conditions and selecting projects with favorable margins [58] - The company is not planning significant new commitments to space but aims to improve productivity in existing operations [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market, describing it as one of the best in over 40 years [11] - The company expects same-store revenue growth in the low to mid 20% range for the full year 2024 [60] - Management noted that demand remains strong, particularly in the industrial sector, and backlog levels are high [58] Other Important Information - Free cash flow for the first six months of 2024 was $290 million, with operating cash flow exceeding earnings by about $300 million [63] - SG&A expenses for the quarter were $180 million, or 9.9% of revenue, compared to 10.5% in Q2 2023 [61] - The company has successfully retired all bank debt as of June 30, 2024, with cash balances exceeding debt [1] Q&A Session Summary Question: Sustainability of Margins - Management believes that the factors contributing to current margins are strong and may continue to improve [5] Question: Demand and Pipeline Strength - Management indicated that the demand and pipeline are robust across all markets served, with no signs of slowdown [11] Question: Project Selection Impact on Margins - Management confirmed that project selection is crucial for maintaining margins and that they are being selective in a strong market [28] Question: Future of Data Center Construction - Management reassured that data center construction remains strong, with ongoing investments in technology and infrastructure [17] Question: SG&A Leverage Outlook - Management noted that while SG&A expenses have increased, they expect to maintain solid leverage moving forward [29]

Comfort Systems (FIX) came out with quarterly earnings of $3.74 per share, beating the Zacks Consensus Estimate of $3.11 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. What's Next for Comfort Systems? While Comfort Systems has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Empi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13011 COMFORT SYSTEMS USA, INC. (Exact name of registrant as specified in its charter) Delaware (State or other ...

CONTACT:Julie Shaeff, Chief Accounting Officer 675 Bering Drive, Suite 400 ir@comfortsystemsusa.com; 713-830-9687 Houston, Texas 77057 713-830-9600 For the quarter ended June 30, 2024, net income was $134.0 million, or $3.74 per diluted share, as compared to $69.5 million, or $1.93 per diluted share, for the quarter ended June 30, 2023. Revenue for the second quarter of 2024 was $1.81 billion compared to $1.30 billion in 2023. The Company reported operating cash flow of $189.9 million in the current quarter ...

The Zacks Construction sector is poised to release its second-quarter results amid a challenging environment marked by high interest rates and rising material and labor costs. Although the shortage of existing homes for sale is somewhat driving single-family residential construction, the uncertainty surrounding the Federal Reserve's rate cuts remains a significant obstacle. Nevertheless, the sector is benefiting from a substantial infrastructure drive led by the U.S. government, as well as growth in the tel ...

Comfort Systems has an impressive track record of surpassing earnings expectations, exceeding the consensus mark in each of the last four quarters. The average surprise over this period is 20%, as shown in the chart below. The Zacks Consensus Estimate for the second-quarter EPS has increased to $3.11 from $3.04 over the past seven days. The estimated figure indicates a 61.1% increase from the year-ago EPS of $1.93. Also, the consensus mark for revenues is $1.66 billion, indicating 27.7% year-over-year growt ...

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Comfort Systems (FIX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question. The Zacks Rank is a proven system that emphasizes earnings estimates an ...

This heating, ventilation and air conditioning company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 18.82%. Price and EPS Surprise Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stock ...