Comfort Systems (FIX) Q2 Earnings and Revenues Surpass Estimates

Core Viewpoint - Comfort Systems (FIX) reported quarterly earnings of $3.74 per share, exceeding the Zacks Consensus Estimate of $3.11 per share, and significantly up from $1.93 per share a year ago [1][6] Earnings Performance - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - The recent quarterly report represents an earnings surprise of 20.26% [6] - Previous quarter's earnings were expected to be $2.26 per share, but the actual earnings were $2.69, resulting in a surprise of 19.03% [6] Revenue Performance - Comfort Systems reported revenues of $1.81 billion for the quarter ended June 2024, which is 9.36% above the Zacks Consensus Estimate and an increase from $1.3 billion year-over-year [7] - The company has topped consensus revenue estimates only once in the last four quarters [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $3.55 on revenues of $1.77 billion, and for the current fiscal year, it is $12.25 on revenues of $6.74 billion [5] - The estimate revisions trend for Comfort Systems is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - Comfort Systems operates within the Zacks Building Products - Air Conditioner and Heating industry, which is currently ranked in the top 14% of over 250 Zacks industries [9] - The industry’s performance can significantly impact the stock's performance, with research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9] Stock Performance - Comfort Systems shares have increased approximately 45.8% since the beginning of the year, compared to a 13.8% gain in the S&P 500 [12]