Comfort Systems (FIX) Q3 Earnings and Revenues Beat Estimates

Core Insights - Comfort Systems (FIX) reported quarterly earnings of $8.25 per share, exceeding the Zacks Consensus Estimate of $6.2 per share, and up from $4.09 per share a year ago [1] - The earnings surprise for the quarter was +33.06%, following a previous surprise of +39.53% [2] - The company achieved revenues of $2.45 billion for the quarter, surpassing the Zacks Consensus Estimate by 13.69% and up from $1.81 billion year-over-year [3] Financial Performance - Comfort Systems has consistently outperformed consensus EPS estimates over the last four quarters [2] - The stock has gained approximately 86.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.9% [4] - Current consensus EPS estimate for the upcoming quarter is $5.70 on revenues of $2.16 billion, and for the current fiscal year, it is $23.14 on revenues of $8.32 billion [8] Market Outlook - The company's favorable estimate revisions trend prior to the earnings release has resulted in a Zacks Rank 1 (Strong Buy), indicating expected outperformance in the near future [7] - The outlook for the industry, specifically the Building Products - Air Conditioner and Heating sector, is currently in the bottom 20% of Zacks industries, which may impact stock performance [9] - Another company in the same industry, Watsco (WSO), is expected to report quarterly earnings soon, with a consensus EPS estimate of $4.21, reflecting a year-over-year decline [10]