HVAC and electrical contractor Comfort Systems USA (NYSE:FIX) will be reporting earnings tomorrow after market close. Here’s what to look for.
Comfort Systems beat analysts’ revenue expectations by 6.9% last quarter, reporting revenues of $1.81 billion, up 39.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Comfort Systems a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Comfort Systems’s revenue to grow 33.6% year on year to $1.84 billion, improving from the 23% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.99 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Comfort Systems has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5.7% on average.
With Comfort Systems being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for construction and engineering stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Comfort Systems is up 7.7% during the same time and is heading into earnings with an average analyst price target of $361 (compared to the current share price of $417.99).
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