Comfort Systems Earnings: Here’s Why Investors Don’t Like These Results
Comfort Systems USA Inc. (NYSE:FIX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 8.81%.
Comfort Systems USA Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.03 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Decreased 1.07% to $325.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Comfort Systems USA Inc. reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.02. It missed the average revenue estimate of $329.85 million.
Quoting Management: Brian Lane, Comfort Systems USA’s Chief Executive Officer, said, “We are pleased to report to our stockholders a profitable first quarter providing a solid start to 2013. Our operations displayed remarkable and broad-based strength in the midst of continued low activity levels, especially in light of the fact that the first quarter historically reflects seasonal weakness.”
Key Stats (on next page)…