Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Comfort Systems (FIX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FIX's full-year earnings has moved 19.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, FIX has moved about 46.5% on a year-to-date basis. Meanwhile, the Construction sector has returned an average of 1.1% on a year-to-date basis. This shows that Comfort Systems is outperforming its peers so far this year.
Another Construction stock, which has outperformed the sector so far this year, is Argan (AGX). The stock has returned 80.8% year-to-date.
Over the past three months, Argan's consensus EPS estimate for the current year has increased 2.9%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Comfort Systems belongs to the Building Products - Air Conditioner and Heating industry, which includes 7 individual stocks and currently sits at #211 in the Zacks Industry Rank. Stocks in this group have gained about 11.5% so far this year, so FIX is performing better this group in terms of year-to-date returns.
In contrast, Argan falls under the Building Products - Miscellaneous industry. Currently, this industry has 34 stocks and is ranked #179. Since the beginning of the year, the industry has moved -7.9%.
Investors with an interest in Construction stocks should continue to track Comfort Systems and Argan. These stocks will be looking to continue 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).