Comfort Systems USA FIX unveils its next round of earnings this Wednesday, July 28. Get prepared with Benzinga's ultimate preview for Comfort Systems USA's Q2 earnings.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Comfort Systems USA EPS will likely be near $0.91 while revenue will be around $719.60 million, according to analysts. Comfort Systems USA earnings in the same period a year ago was $1.08 per share. Quarterly sales came in at $743.47 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The analyst consensus estimate would represent a 15.74% decrease in the company's earnings. Revenue would have fallen 3.21% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.60 | 0.83 | 1.08 | 0.45 |
| EPS Actual | 0.73 | 0.99 | 1.19 | 1.08 |
| Revenue Estimate | 691.52 M | 694.68 M | 775.90 M | 700.92 M |
| Revenue Actual | 669.76 M | 698.96 M | 714.10 M | 743.47 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Comfort Systems USA were trading at $74.97 as of July 26. Over the last 52-week period, shares are up 50.51%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Comfort Systems USA is scheduled to hold the call at 11:30:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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