6 analysts' median target is $2110[FMP target], stock is $1520, +38.8% upside potential. After Q2 +19.9% EPS beat[FMP earnings], the stock moved -5.3%.
A- = MoonshotScore 59[multi-pillar formula] + Council 4/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q1 consensus: revenue $3.4B[FMP est], EPS $11.88[FMP est]. 8 consecutive quarters of beat[FMP earnings].
Q2 EPS +19.9% beat[FMP] but the stock -5.3% D+1[FMP D+1]. William George promised $141.4M CapEx + a sequential decline in Q1 during the Q2 earnings call[William George capex transcript].
Watchlist
Record Backlog Growth
record_backlog_growth
The company demonstrated strong growth with a record backlog of $14.1 billion, marking a significant 73% increase compared to last year.
"Our backlog at the end of the second quarter was a record $14.1 billion, a large sequential and year-over-year increase. Since this time last year, our backlog has increased by $5.9 billion or 73% and $5.6 billion of the increase was same-store."
- Trent McKenna, President - Q2 FY26 Earnings Call - July 24, 2026
Revenue Eps Growth
revenue_eps_growth
The company achieved a record quarterly revenue exceeding $3 billion for the first time, reaching $3.3 billion, and increased its earnings per share by 92% year-over-year to $12.53.
"This is the first time that our quarterly revenue has exceeded $3 billion. We earned $12.53 per share this quarter, which is an increase of 92% compared to a year ago."
- Brian Lane, Chief Executive Officer - Q2 FY26 Earnings Call - July 24, 2026
Capex Modular Strategy
capex_modular_strategy
The company plans to allocate approximately 5% of its increasing revenues to capital expenditures, prudently basing modular capacity investments on meaningful multiyear commitments from customers.
"We estimate that full year CapEx expenditures will be approximately 5% of our revenue. ... we're not going to invest in buildings just on speculation. We expand when customers provide us meaningful multiyear commitments."
- William George, Chief Financial Officer / Trent McKenna, President - Q2 FY26 Earnings Call - July 24, 2026
Technology Modular Expansion
technology_modular_expansion
The Technology sector significantly grew to represent 58% of the company's revenue, and the modular business continues to expand with a target of approximately 5 million square feet of capacity by late summer 2027.
"Technology, which is included in Industrial, was 58% of our revenue, a substantial increase from 40% in the prior year. Our Modular operations continue to grow and thrive, and we are making progress on expanding our customer base, including with frontier labs and colocation providers. ... we expect to have approximately 5 million square feet of capacity by late summer 2027."
- Trent McKenna, President - Q2 FY26 Earnings Call - July 24, 2026
Stock Expert AI - Methodology
multi-pillar methodology. Revenue Growth and Cash Runway strong. Gross Margin weak.
How is it calculated? ->6 investor frameworks. 4 bullish (Ray Dalio, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 1 neutral (Jim Simons).
How is it calculated? ->Quality business, discounted price.
How is it calculated? ->Past Performance
Q2 (July 24, 2026): EPS $12.53 vs $10.45 est[FMP], +19.9% beat. D+1 movement: -5.3%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q2: EPS $12.53 vs $10.45 beat[FMP], stock -5.3% D+1[FMP].
No RPO/backlog concentration disclosed in Q2 earnings call.
Q2 CapEx $141.4M[FMP cashflow]. William George Q2 transcript: "We estimate that full year CapEx expenditures will be approximately 5% of our revenue."[William George transcript]. Q2 op margin 17.1%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.
"We estimate that full year CapEx expenditures will be approximately 5% of our revenue."
- William George, CFO - Q2 FY26 Earnings Call - July 24, 2026
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Thursday evening. The framework is ready on this page: Q1 EPS threshold $11.88[FMP], CapEx threshold "below $141.4M"[William George]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This Comfort Systems USA, Inc. (FIX) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.
Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.
No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.