Comfort Systems Shares Drop 3.3% as Q1 EPS Seen Jumping 48%
Comfort Systems shares fell 3.27% to $1,391.16, underperforming the S&P 500’s 0.94% decline in the latest session. Analysts forecast Q1 EPS of $7.01, up 47.58% year-over-year, on revenue of $2.38 billion, while the stock trades at a forward P/E of 38.9 and holds a #1 strong buy ranking.
1. Market Performance
On March 3, the stock closed at $1,391.16, down 3.27%, underperforming the S&P 500’s 0.94% drop and reversing a recent year-to-date gain of 22.27% that had outpaced the Construction sector.
2. Q1 Earnings Projections
Analysts project first-quarter EPS of $7.01, a 47.58% increase from last year, on revenue of $2.38 billion, reflecting strong growth across its HVAC services portfolio.
3. Valuation and Analyst Ranking
The shares trade at a forward P/E of 38.86, above the industry average of 26.15, and hold a #1 strong buy ranking in a proprietary quantitative model driven by recent earnings estimate revisions.