Comfort Systems USA (FIX) stock surged 9.25% in pre-market trading on Friday, following the company's strong fourth quarter earnings report. The construction and engineering services provider reported revenue of $1.87 billion, up 37.6% year-over-year, and adjusted EPS of $4.09, beating analyst expectations of $3.69.
For the quarter ended December 31, 2024, Comfort Systems posted net income of $145.87 million, with earnings per share significantly higher than the prior year period's $2.55. The company's outperformance was driven by continued momentum across its construction services segment.
Analysts have responded positively to the results, with the current average rating on FIX shares being a "Buy" and a median 12-month price target of $554. The impressive earnings beat signals the company's strong execution and reinforce optimism in its growth prospects moving forward.