Comfort Systems Earnings: Here’s Why Investors Don’t Like These Results

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

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)…

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business