The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Comfort Systems (FIX) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Comfort Systems is one of 89 individual stocks in the Construction sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Comfort Systems is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for FIX's full-year earnings has moved 41.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, FIX has moved about 97.2% on a year-to-date basis. At the same time, Construction stocks have gained an average of 16.2%. As we can see, Comfort Systems is performing better than its sector in the calendar year.
One other Construction stock that has outperformed the sector so far this year is Argan (AGX). The stock is up 113.8% year-to-date.
For Argan, the consensus EPS estimate for the current year has increased 12.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Comfort Systems is a member of the Building Products - Air Conditioner and Heating industry, which includes 7 individual companies and currently sits at #100 in the Zacks Industry Rank. This group has gained an average of 39.4% so far this year, so FIX is performing better in this area.
On the other hand, Argan belongs to the Building Products - Miscellaneous industry. This 33-stock industry is currently ranked #182. The industry has moved +6.8% year to date.
Comfort Systems and Argan could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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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).