Workflow
Can Comfort Systems (FIX) Keep the Earnings Surprise Streak Alive?
Comfort Systems USAComfort Systems USA(US:FIX) ZACKSยท2024-07-18 17:16

Core Viewpoint - Comfort Systems has a strong track record of exceeding earnings estimates, with an average surprise of 18.82% over the last two quarters [1] Earnings Performance - For the last reported quarter, Comfort Systems achieved earnings of $2.69 per share, surpassing the Zacks Consensus Estimate of $2.26 per share, resulting in a surprise of 19.03% [6] - In the previous quarter, the company was expected to report earnings of $2.15 per share but delivered $2.55 per share, yielding a surprise of 18.60% [6] Earnings ESP and Analyst Sentiment - Comfort Systems currently has an Earnings ESP of +2.25%, indicating a bullish outlook from analysts regarding the company's earnings prospects [3] - The positive Earnings ESP, combined with a Zacks Rank of 3 (Hold), suggests a high likelihood of another earnings beat in the upcoming report [3][7] Importance of Earnings ESP - The Earnings ESP is a critical metric to assess before a company's quarterly release, as it can enhance the probability of success in predicting earnings outcomes [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions which may provide more accurate predictions [8]