Is Comfort Systems USA (FIX) Stock Outpacing Its Construction Peers This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Comfort SystemsFIX-- (FIX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Comfort Systems is a member of our Construction group, which includes 92 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Comfort Systems is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for FIX's full-year earnings has moved 20.9% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, FIXFIX-- has gained about 57.4% so far this year. In comparison, Construction companies have returned an average of 17.1%. This means that Comfort Systems is performing better than its sector in terms of year-to-date returns.
Another stock in the Construction sector, Orion Marine Group (ORN), has outperformed the sector so far this year. The stock's year-to-date return is 38.8%.
The consensus estimate for Orion Marine Group's current year EPS has increased 71.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Comfort Systems belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 7 individual companies and currently sits at #156 in the Zacks Industry Rank. On average, stocks in this group have gained 29.6% this year, meaning that FIX is performing better in terms of year-to-date returns.
In contrast, Orion Marine Group falls under the Building Products - Heavy Construction industry. Currently, this industry has 9 stocks and is ranked #150. Since the beginning of the year, the industry has moved +29.1%.
Going forward, investors interested in Construction stocks should continue to pay close attention to Comfort Systems and Orion Marine Group as they could maintain their solid performance.
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Comfort Systems USA, Inc. (FIX): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
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