On April 26, 2023, Comfort Systems USA Inc. (FIX) released its Q1 earnings report, revealing impressive results. The company reported a net income of $57.2 million, translating to $1.59 per share. Adjusted for pretax gains, earnings amounted to $1.51 per share, which surpassed the analyst consensus estimate of $1.05 by a significant 43.81 percent. This marks a remarkable 65.93 percent increase from the earnings of $0.91 per share reported during the same period in the previous year.
In addition to the impressive earnings, Comfort Systems USA Inc. also reported quarterly sales of $1.18 billion, exceeding the analyst consensus estimate of $1.08 billion by 8.80 percent. This represents a significant 32.74 percent increase from the sales of $885.22 million reported in the corresponding period last year.
Comfort Systems USA Inc. is a Houston, Texas-based heating, ventilation, and air conditioning (HVAC) company that has been delivering exceptional services to its clients for years.
FIX Stock Analysis: Impressive Growth and Steady Future Projections
On April 26, 2023, FIX stock opened at 132.26, up from the previous day’s close of 131.88. Throughout the day, the stock’s price fluctuated between a low of 129.68 and a high of 133.08, with a volume of 628,918 shares traded. FIX, which operates in the engineering and construction industry, has a market cap of $4.9B. The company has shown impressive growth in the past year, with earnings growth of 73.26% and revenue growth of 34.71%. Looking forward, FIX is expected to maintain a steady growth rate, with a projected earnings growth of 15.00% over the next five years. The company’s P/E ratio is 20.4, which is relatively low compared to other companies in the industry. The price/sales ratio of 1.00 is also reasonable, indicating that the company is not overvalued. In terms of performance compared to other companies in the sector, FIX outperformed Limbach Holdings Inc, which saw a 2.44% increase, but underperformed Sunrun Inc, TopBuild Corp, and Chemed Corp, which saw decreases of 9.05%, 0.64%, and 0.82%, respectively. FIX is set to report its earnings for the current quarter on April 27, 2023, with an EPS forecast of $1.06. The company had an annual revenue of $4.1B and an annual profit of $245.9M, with a net profit margin of 5.94%.
Comfort Systems USA Inc (FIX) Stock Predicted to Increase by 20.50%: Analysts Median Target Price Reaches $160.00
On April 26, 2023, Comfort Systems USA Inc (FIX) had a median target price of $160.00, according to data from CNN Money. This represents a 20.50% increase from the last price of $132.78. The target price was based on 12-month price forecasts provided by three analysts. The high estimate was $170.00, while the low estimate was $160.00. Additionally, a consensus among four polled investment analysts was to buy stock in FIX. The earnings per share for the quarter were expected to be $1.06, while sales were expected to reach $1.1 billion. The reporting date for the earnings was set for April 27, 2023.
