FIX · PEAD ↓ 63

Comfort Systems USA reported Q2 2026 EPS of $12.53 on 2026-07-23, beating the $10.38 consensus by $2.15 (+20.7%).

Print-day reaction was +2.2% versus the prior close, a modest but positive initial read on the substantial EPS beat. The overnight gap to the T+1 open retraced -0.5%, signalling early fade pressure after hours. Over the subsequent two trading days the stock drifted sharply lower, declining -6.2% from the T+1 close through T+3, fully reversing the initial pop and then some. Cumulative abnormal return of -8.3% versus SPY.US puts this firmly in PEAD short territory — drift reversed and overwhelmed the initial reaction; the read holds through 2026-10-20.